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Microsoft Will Offer Buyouts to 60,000 Employees
Microsoft is offering voluntary buyouts to 60,000 employees globally as part of a pivot in its performance review and compensation strategy.
What: Microsoft is offering voluntary retirement packages to 60,000 workers across Canada, India, the UK, and the US, with an expectation that fewer than 30% will accept. The move coincides with an internal shift in how the company structures performance evaluations, bonuses, and stock-based compensation.
Why it matters: This indicates Microsoft is attempting to lean out its workforce and reset its internal culture and incentive structures amid ongoing shifts in the broader tech labor market.
Original article
Microsoft is extending voluntary buyout offers to 60,000 employees in Canada, India, the UK, and the US. The program is time-limited. It provides eligible employees with financial support and career planning services. Microsoft expects less than 30% of employees will accept the latest buyouts. The voluntary retirement program is part of a broader shift by Microsoft to alter its performance system and how it awards bonuses and stock options.
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