Microsoft announces buyouts for 60K employees — quarter of workforce — as part of AI transformation

Source: New York Post

Microsoft is offering voluntary buyouts to 60,000 employees — over a quarter of its workforce — as the software giant works to cut costs and revamp its staff for the AI era. Employees in the US, Canada, the UK, and India on Monday received a memo saying the voluntary exit offers “are a few of the ways we’re trying to meet different business needs while continuing to create opportunities for our own people to grow and contribute. ” Microsoft had about 223,000 employees at the time the memo went out.