Microsoft India offers voluntary exit with 1 month salary per yr of service

Microsoft has announced a voluntary exit programme for approximately 60,000 employees in the United States, Canada, India, and the United Kingdom. According to YourStory, eligible employees in India must decide on the offer by December 1. The initiative is described by Executive Vice President and Chief People Officer Amy Coleman as a time-limited effort to provide flexibility for employees considering opportunities outside the company.

Free Malaysia Today reports that the company is offering these buyouts to roughly a quarter of its workforce as it seeks to cut costs while investing in artificial intelligence.

Eligibility is limited to select teams, with certain groups such as those working in sales, marketing, and data centres excluded, Free Malaysia Today reports. YourStory notes that the offer is available to employees at level 70 and below, while Business Insider reports that the company uses a seniority level system ranging from 59 to 70. Business Insider states that the buyout offers are individualized based on an employee's location, level, and tenure.

The compensation packages vary by level and tenure. YourStory understands the package to include one month of base salary for each completed year of service, along with health insurance and career transition services. Business Insider reports that offers for employees at levels 64 and below include one week of base pay per six months of service, while those at levels 65 to 67 are offered two weeks of base pay per six months of service. Business Insider also notes that these offers include continued regular stock vesting.

Brief written by urgent.news from Business Standard IN, YourStory, Free Malaysia Today, Business Insider — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.