Microsoft just reached a new corporate milestone — but not the good kind.

The Redmond, Washington-based tech giant is set to offer voluntary buyouts to a portion of its U.S. workforce, CNBC reports. That might not be a big deal for many companies, but this is the first time Microsoft has tried to cut headcount in this way since the company's founding 51 years ago.

In order to be eligible, an employee must be at the senior director level or below, and their age plus years of employment need to add up to at least 70. The program also excludes anyone with a sales incentive plan.…