Microsoft offers buyouts to around 60,000 employees
Summarised from 5 outlets · Updated 26 Oct, 16:14 · Archive
Microsoft is offering voluntary buyouts to around 60,000 employees across the US, UK, Canada and India. Employees at vice-president level and below on select teams are eligible for the programme, which includes financial support and career planning resources. Some teams are excluded from the offer, including data centres, sales and marketing.
According to sources familiar with the situation, eligible staff work in teams including AI experiences, Copilot, CoreAI, Windows and Devices, Xbox, finance and human resources. Microsoft's cloud and AI, MicrosoftAI, and corporate, external and legal affairs teams are partially participating. The Verge reports that employees in marketing, commercial business, discovery and quantum, and security teams are not participating.
Microsoft Chief People Officer Amy Coleman said in a note to employees that the offer gives staff members 'the opportunity to leave Microsoft with financial support and career planning resources' as the company looks to trim staff. The move comes months after Microsoft laid off 4,800 employees, primarily in Xbox and commercial sales. Earlier this year, the company offered buyouts to around 8,750 retirement-age employees, with more than 30 per cent accepting.
How it is being reported
- Microsoft reportedly offers voluntary buyouts to 60,000 employees as an attempt to trim costsThat's over a quarter of the company's global workforce.Engadget · 26 Oct, 17:10
- Microsoft offers voluntary buyouts to 60,000 employeesMicrosoft is trying to balance a rapid infrastructure build-out with capital efficiency.CNBC · 26 Oct, 16:28
- Microsoft offers buyouts to 60,000 employeesMicrosoft is offering voluntary buyouts to up to 60,000 employees across the US, UK, Canada, and India. In a message to employees, Microsoft chief people officer Amy Coleman writes that this gives staff members "the opportunity to leave Microsoft with financial support and career planning resources" as the company looks to trim staff without another […]The Verge · 26 Oct, 15:58
- Microsoft offers buyouts to around 60,000 employees, reports sayThe buyout offers mark Microsoft's latest efforts to cut costs and rework its workforce.TechCrunch · 26 Oct, 15:58
- Microsoft offers 'buyouts' to 60,000 staff including UK workersMicrosoft is reportedly offering voluntary severance packages to 60,000 of its staff, including some in the UK.Sky News Business · 26 Oct, 15:52
In this story: Microsoft · Amy Coleman · US · UK · Canada · India · Xbox
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