Microsoft Offers First-Ever Voluntary Retirement Buyouts in 51-Year History
Eligibility requires age plus years of service equaling 70; affects about 8,750 U.S. employees
L'essentiel
- 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.
Résumé généré par IA
Pourquoi c'est important
Microsoft joins other tech giants including Amazon, Google, and Meta in reducing workforce through various mechanisms. The company has weathered several rounds of layoffs over recent years, with last summer's cuts affecting 9,000 employees.
Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history, per reports from CNBC and Bloomberg. According to an internal memo, employees will be eligible if their years of work at Microsoft plus their age totals 70 or more, with some exceptions. So if someone who is 52 years old has 18 years of service at Microsoft, they could qualify for the buyout. This move gives Microsoft an opportunity to reduce its headcount in a manner less abrasive than mass layoffs. Over the last few years, Microsoft has weathered several rounds of layoffs, affecting thousands of employees — most recently, the company cut 9,000 jobs last summer. The company had an estimated 125,000 U.S. employees as of June. The buyouts would reportedly apply to 7% of the U.S. workforce, which amounts to about 8,750 employees. TechCrunch has reached out to Microsoft for comment.
Questions ouvertes
- What is the exact financial package being offered?
- How long will employees have to accept the buyout?
- Will there be similar programs for international employees?
