Microsoft offers voluntary exit packages to 60,000 staff as AI spending accelerates
SAN FRANCISCO — Microsoft has offered 60,000 employees, or about 27 percent 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…
Microsoft has initiated voluntary exit packages for 60,000 employees, approximately 27% of its worldwide workforce, amid its significant investment in artificial intelligence, according to a blog post by Chief People Officer Amy Coleman. The offer, available to eligible personnel in Canada, India, the United Kingdom, and the United States, marks Microsoft's first such initiative.
The company, which announced its quarterly earnings on Wednesday, currently employs around 223,000 full-time staff as of June. Microsoft's stock reached an all-time high this month, surging about 1% on Monday. In May, the tech giant had planned to provide buyouts to about 8,750 individuals, or 7% of its U.S. workforce, as per two sources familiar with the matter.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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