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Stockreport

Microsoft to offer voluntary retirement to thousands of US employees for the first time [CNN]

Microsoft Corporation (MSFT)  More Company Research Source: CNN
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The one-time retirement program, a company first, will be available to employees whose age and years of service total 70 or higher, Microsoft said. CNBC and Bloomberg first reported the voluntary buyouts, which the company confirmed to CNN. Those at the senior director level and below will be able to participate, and Microsoft plans to notify eligible employees on May 7. Microsoft shares ( MSFT ) fell nearly 4% on Thursday, the day the company informed employees about the program. Tech giants have made sweeping staff cuts over the past year in response to the impact of AI on both the workforce and the broader tech industry. Meta on Thursday said it would cut 10% of its workers, or roughly 8,000 jobs, to operate more efficiently and offset other investments. Amazon eliminated 30,000 jobs across two rounds of layoffs in January and October. And fintech company Block slashed a staggering 40% of its staff earlier this year because “a significantly smaller team” can “do more and d [Read more]
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Stockreport

Microsoft to offer voluntary retirement to thousands of US employees for the first time [CNN]

Microsoft Corporation  (MSFT) 
More Company Research Source: CNN
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The one-time retirement program, a company first, will be available to employees whose age and years of service total 70 or higher, Microsoft said. CNBC and Bloomberg first reported the voluntary buyouts, which the company confirmed to CNN. Those at the senior director level and below will be able to participate, and Microsoft plans to notify eligible employees on May 7. Microsoft shares ( MSFT ) fell nearly 4% on Thursday, the day the company informed employees about the program. Tech giants have made sweeping staff cuts over the past year in response to the impact of AI on both the workforce and the broader tech industry. Meta on Thursday said it would cut 10% of its workers, or roughly 8,000 jobs, to operate more efficiently and offset other investments. Amazon eliminated 30,000 jobs across two rounds of layoffs in January and October. And fintech company Block slashed a staggering 40% of its staff earlier this year because “a significantly smaller team” can “do more and d [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS