Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce [MSNBC.com]
Microsoft Corporation (MSFT)
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Source: MSNBC.com
MicrosoftAbout 7% of U.S. employees are eligible, according to a person familiar with the plans who asked not to be named because the number isn't being made public. The one-time retirement program, announced in a memo on Thursday, will be available to U.S. workers at the senior director level and below whose years of employment and age add up to 70 or higher.Eligible employees and their managers will receive details on May 7. Those with sales incentive plans cannot participate.Microsoft has been ramping up capital spending on data centers to supply cloud clients with computing power that can handle generative models. Technology peers such asAlphabetAmazonLast year Microsoft removed some costs throughmultiplelayoffs"Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support," Amy Coleman, Microsoft's executive vice president and chief people officer, wrote in a memo viewed by CNBC.Additionally, Microsoft is a
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- Microsoft Issues First-Ever Employee Buyout—Here's How Much Employees Might Receive [Yahoo! Finance]Yahoo! Finance
- Meta to cut 8,000 jobs, Microsoft reportedly offers buyouts to 7% of staff as AI spending costs hit Big Tech workers [Yahoo! Finance Canada]Yahoo! Finance Canada
- Microsoft Offers Buyouts to About 7% of US Workers [Yahoo! Finance]Yahoo! Finance
- Microsoft is offering voluntary buyouts to thousands of longtime US employees [Business Insider]Business Insider
- Microsoft brings Xbox back, scraps Microsoft Gaming [Verge, The]Verge, The
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