Explained: What is the Voluntary Retirement Programme that Microsoft is offering to its 8500-plus employees
Microsoft is offering voluntary retirement to approximately 7% of its US workforce, marking its first such program in 51 years.
This softer approach, unlike previous layoffs, aims to manage costs and reputation amid stock price pressure and AI infrastructure spending.
The offer, based on an age and tenure formula, provides a choice for eligible employees.
Meta and Microsoft cut thousands
- First Thing: Microsoft and Meta cut thousands of staff as they bet big on AI The Guardian —
- Meta to cut 10% of global workforce to offset AI spending Irish Times —
- Meta to cut 8,000 jobs as AI spending soars City AM —
- Thousands of jobs to be cut at tech giants Meta and Microsoft LBC —
- Microsoft tackles quality control issues. Just kidding, it's encouraging experienced workers to leave The Register —