The Supreme Court has set aside a home ministry order rejecting the voluntary retirement request of Maharashtra cadre IPS officer Abdur Rahman. The court directed the Centre to re-examine Rahman's plea within three months, considering subsequent chargesheets and the inability to conclude disciplinary proceedings.
Microsoft has unveiled its first voluntary retirement program, offering eligible US employees a package including five years of healthcare coverage (one fully paid), cash severance up to 39 weeks' pay, and accelerated stock vesting. This initiative aims to reduce headcount ahead of the new fiscal year, following recent layoffs and executive departures.
Microsoft has unveiled its first voluntary retirement program, offering eligible US employees a package including five years of healthcare coverage (one fully paid), cash severance up to 39 weeks' pay, and accelerated stock vesting. This initiative aims to reduce headcount ahead of the new fiscal year, following recent layoffs and executive departures.
Microsoft is offering voluntary retirement to about 8,750 US employees, marking the first time in its 51-year history. The move comes amid a stock price decline and increased AI infrastructure spending, aiming for a softer approach than previous layoffs.
Microsoft is offering voluntary retirement to approximately 8,750 US employees (7% of its 125,000-person American workforce) — the first such program in the company's 51-year history. Eligibility requires employees to have age plus years at Microsoft equal 70 or higher, be at senior director level or below, and not be on a sales incentive plan. The move represents a strategic shift from blunt layoffs (which totaled over 15,000 last summer alone) to a softer approach as the company faces pressure from a declining stock price and heavy AI infrastructure investments. Eligible employees will be notified May 7 with 30 days to decide.
KPMG announced plans to cut approximately 10% of its US audit partners after years of voluntary early retirement schemes failed to attract enough participants. The firm informed its audit and assurance partnership during a Wednesday meeting that the partnership had grown larger than needed relative to current business levels. While the exact number was not disclosed, several dozen partners are expected to leave. The cuts are part of a broader multiyear strategy to align the size and skills of the team with the firm's audit platform capabilities.
KPMG is cutting about 10% of its US audit partners after earlier efforts to encourage voluntary retirements did not deliver expected results. The decision was shared during an internal meeting, with several dozen partners expected to leave. The firm stated the move is part of a multiyear strategy to align the size, shape and skills of its team with its audit platform. The audit and assurance division includes around 1,400 partners and managing directors. Affected partners will receive financial packages and transition support.
Meta announced it will cut approximately 8,000 employees (10% of workforce) on May 20, while Microsoft offered voluntary retirement to about 7% of its American workforce. Both companies are doubling down on AI investments—Meta planning $115-135bn in capital expenditure and Microsoft spending an estimated $110-120bn. Executives claim AI is already boosting productivity, with Zuckerberg saying projects now require fewer workers and Nadella reporting AI handles 30% of Microsoft's coding.
Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history. Employees qualify if their age plus years of service totals 70 or more. The buyouts would apply to about 8,750 employees, or 7% of Microsoft's U.S. workforce of 125,000. This move provides a less abrasive alternative to mass layoffs, following several rounds of cuts including 9,000 jobs last summer.
Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history. Employees qualify if their age plus years of service equals 70 or more. The buyouts could affect about 8,750 employees, representing 7% of Microsoft's U.S. workforce of 125,000. The move provides a less abrasive alternative to mass layoffs, with Microsoft having cut 9,000 jobs last summer.
Microsoft is changing up its annual rewards and performance programs today, and offering long-serving employees in the US the ability to voluntarily retire. It's the first time in Microsoft's more than 50-year history that the company has offered such a voluntary retirement program. "Many of these employees have spent years, and in some cases, decades, […]
