60,000 Buyout Offers: Microsoft Announces Major Job Cuts

Microsoft has offered approximately 60,000 employees the option to leave the company voluntarily in exchange for severance pay.

The offer applies to employees in certain divisions in Canada, India, the United Kingdom and the United States, Microsoft said.

At the end of its last fiscal year in June, Microsoft had approximately 223,000 employees. In theory, the buyout offer therefore targets more than a quarter of its workforce. However, Microsoft expects the acceptance rate to be significantly lower than the 30 percent recorded for a previous early retirement offer, Bloomberg and the website GeekWire reported, citing the company. Just a few months ago, the Windows maker cut around 4,800 jobs.

Microsoft, like Google and Meta, is ramping up spending on AI infrastructure. Both Google and Meta have also sought to streamline their workforces.

(dpa/Translation: Editorial Team)