Microsoft has announced a voluntary buyout program for longtime employees in the United States, impacting thousands of older and more experienced workers as the company hopes to trim its payroll without conducting a layoff.
Business Insider reports that Microsoft is implementing an early retirement buyout initiative targeting long-serving employees in the United States, according to an internal email obtained by Business Insider. The program could impact approximately 8,750 workers, representing up to 7 percebt of the company’s 125,000-strong US workforce.
The voluntary separation program is designed for employees whose combined age and years of service at Microsoft total 70 or more. For example, an employee who is 58 years old and has worked at the company for 12 years would meet the eligibility threshold. However, the program excludes certain high-ranking executives and some employees working in sales roles.
In an email to staff, Microsoft Chief People Officer Amy Coleman described the
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