I'm an employment law attorney. Here are the 3 steps you should take if you're offered a buyout like Microsoft's.
Source: Business Insider ·
Microsoft offered buyouts to around 60,000 employees. Employment law attorney Craig Levey shares the three steps employees should take if offered one.
From the source
Craig Levey, an employment law attorney, shares the three things employees should do if offered a buyout.Craig LeveyMicrosoft is offering buyouts to about 60,000 of its employees.Employment law attorney Craig Levey said that buyout programs can be "writing on the wall" about future layoffs.He said employees offered a buyout should understand the offer and get a sense of future job stability before deciding.This as-told-to essay is based on a conversation with Craig Levey, an employment law attorney and partner at Bennett & Belfort, P.C., based in Boston. The following has been edited for length and clarity.When companies offer employees buyouts — like Microsoft did last week to around 60,000 employees — those employees have a decision to make.Speaking generally, a buyout offer can be a decent thing to happen to an employee if they were planning on leaving the company in the short term, such as retiring or quitting to go to another job. If an employee feels like their job could be in…
BestAIBroker analysis
- Finance-aware sentiment: neutral (+0.00 on a -1 to +1 scale).
- Event classification: EARNINGS.
- Market importance score: 43/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: MSFT.