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Microsoft offers voluntary buyouts to about 60,000 employees amid AI spending push
Microsoft offered voluntary buyouts to about 60,000 employees in the U.S., Canada, India and the U.K., more than a quarter of its full-time workforce, as it seeks to contain costs and fund massive investments in artificial intelligence.
Microsoft has offered voluntary buyouts to about 60,000 employees, more than a quarter of its full-time workforce, as the company looks to contain costs and help fund its massive spending on artificial intelligence.
The offer covers certain workers in the United States, Canada, India and the United Kingdom at experience level 70 or below. Microsoft had about 223,000 full-time employees worldwide as of June 30, according to its annual filing.
Decision due in December
Employees who accept will receive severance based on their tenure, with specific terms varying according to each country's labor laws. Workers must decide in early December, and those who take the offer will leave on Dec. 31.
Reports differ on which units are excluded. A source told Reuters that marketing, commercial business and security are out, while Bloomberg, citing a company spokesperson, reported that data center staff and sales and marketing employees are not eligible.
AI costs mount
The move comes as Microsoft pours money into data centers and AI infrastructure. The company said in July that capital expenditures for the September quarter would exceed $50 billion.
In April, Microsoft offered a voluntary retirement program to long-tenured employees, its first such arrangement, and it laid off about 15,000 workers last year. Other large tech companies, including Google, have rolled out similar buyout programs this year.
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