Microsoft is set to announce another round of layoffs, impacting sales, consulting, and Xbox divisions, as part of cost-cutting efforts and increased AI investments. While smaller than last year's cuts, thousands of positions could be eliminated, affecting less than 2.5% of its workforce.
Microsoft is reportedly planning another round of layoffs, expected to affect sales, consulting, and Xbox division roles. The cuts, potentially impacting less than 2.5% of its workforce, aim to control costs amid AI investments. A voluntary retirement program was also introduced earlier this year.
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.
