Microsoft says it offers voluntary buyouts to 60,000 employees
The offer accompanies Microsoft’s shift of resources toward superintelligence (SI), giving employees a voluntary option to leave.
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The offer accompanies Microsoft’s shift of resources toward superintelligence (SI), giving employees a voluntary option to leave.
Microsoft said it was offering voluntary buyouts to 60,000 employees as it shifts resources toward superintelligence (SI), Deadline said on 26 October. A voluntary buyout offers an employee compensation to leave by agreement. The figure counts employees offered that choice, not confirmed departures.
Microsoft offered an earlier voluntary buyout program in April to long-tenured employees. The latest offer reaches senior leaders up to vice presidents, chief people officer Amy Coleman told employees.
Fortune said eligible employees in the US, UK, Canada and India must accept by the first week of December. Those who take the offer will leave on 31 December.
Severance payments depend on how long an employee has worked at Microsoft. In the US, the package includes at least eight weeks’ pay, continued stock vesting, meaning employees continue to gain ownership of shares awarded to them over time, healthcare and career services. A Microsoft spokesperson said terms in other countries vary with local labour laws.
Asked how many employees Microsoft expected to accept, its spokesperson pointed to similar programs at other major technology companies that saw 3%–5% uptake. Microsoft has not given a count of employees who have accepted.
Eligible staff in the US, UK, Canada and India can choose to leave with financial support and career-planning help as Microsoft seeks to reduce staffing without another round of layoffs.
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