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  1. News
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  3. Business

2 sources·Updated 2h ago

Microsoft offers nearly 60,000 employees ‘voluntary exit’ offers

Microsoft is offering voluntary exit offers to about a quarter of its workforce. That's roughly 60,000 of its employees.

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Full coverage

Image: Hiru News - EnglishHiru News - English•3h agoMicrosoft offers buyouts to around 60,000 employees to contain costs

By Hiru News English

Read on Hiru News - English

Also covered by

Daily Mirror•2h agoMicrosoft offers nearly 60,000 employees ‘voluntary exit’ offers

Summary

Microsoft said on Monday it is offering voluntary buyouts to about 60,000 employees, or more than a quarter of its global workforce, as the technology giant looks to ​contain costs and help fund its massive AI investments. Shares of Microsoft, which had risen about 10% this year, were up about 1% on Monday.

Summarised from Hiru News - English

What this story is about

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

People
  • Amy Coleman
Organisations
  • Microsoft2
  • Reuters
Places
  • United Kingdom
  • United States
  • Canada
  • India
Keywords
  • employees2
  • voluntary2
  • workforce2
  • offering2
  • offers2
  • buyouts
  • contain
  • quarter
  • roughly
  • around

At a glance

Newsrooms
2
Articles
2
First reported
Oct 27, 6:17 AM
Latest update
Oct 27, 7:41 AM

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