Microsoft plans to offer voluntary severance packages to approximately 60,000 employees to cut costs associated with AI investments.
Source:
www.forbes.com
According to Forbes, Microsoft announced on October 26 that it plans to offer a voluntary separation package to approximately 60,000 eligible employees across the United States, Canada, India, and the United Kingdom, representing about 27% of its workforce. The plan covers multiple departments, including Copilot, Finance, Human Resources, and Xbox, but excludes executives as well as certain marketing, commercial business, and security teams.