Menu

Microsoft offers a quarter of its global workforce voluntary buyouts as AI spending accelerates
📰

Microsoft offers a quarter of its global workforce voluntary buyouts as AI spending accelerates

The Indian Express·about 4 hours ago
#v16PPr4X
#indianexpress#microsoft#people#company#offer
Reading 0:00
15s threshold

In May, Microsoft planned to offer buyouts to about 8,750 people, or 7% of its U.S. workforce, according to two people familiar with the plan who were not authorized to speak about it publicly.

Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as the software giant spends heavily on artificial intelligence.

The company’s voluntary exit offer was available to eligible employees in Canada, India, the United Kingdom and the United States, the company’s Chief People Officer Amy Coleman wrote in a blog post Monday. “The Voluntary Exit Offer is new for us,” Coleman wrote. “We’ll learn from it.

At the same time, we’ll keep helping people focus on the work that matters most, build new skills and, where it makes sense, find new opportunities across Microsoft.” The company, which releases its quarterly financial results Wednesday, had approximately 223,000 full-time employees at the end of June.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.