Microsoft is looking to cut more than 25% of its workforce
An employee buyout offer is reportedly being extended to roughly 60,000 Microsoft employees in the US, UK, India, and Canada.
Microsoft plans to shed over 25% of its employees, according to a report by CNN. The tech giant is offering a voluntary exit package to roughly 60,000 workers, or 27% of its total workforce. This initiative aims to provide a smooth transition for those considering a change in career path while also allowing participating organizations to adjust their workforce to evolving needs.
Microsoft's chief people officer, Amy Coleman, emphasized the importance of this flexibility in the company's evolving approach to change. This move follows the company's recent voluntary retirement program and its first-ever voluntary buyout program for US employees in April. The buyout offer is currently limited to employees in the US, UK, India, and Canada, though not all eligible employees may participate, depending on their business's priorities, customer commitments, and workforce requirements. Employees choosing to take advantage of the offer will be required to depart by December 31.
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