Microsoft to offer voluntary retirement to thousands of US employees for the first time
Microsoft is offering a one-time voluntary retirement program to about 7% of its US workforce, a company first, as it ramps up artificial intelligence investments. The program will be available to employees whose age and years of service total 70 or higher.
Microsoft is offering around 7% of its US workforce a one-time voluntary retirement program. Eligible employees are those whose age and years of service total 70 or higher, and are at the senior director level or below. Microsoft plans to notify eligible employees on May 7. The company confirmed the voluntary buyouts to CNN after CNBC and Bloomberg first reported them. Microsoft shares fell nearly 4% on the day the company informed employees about the program. The move comes as tech giants, including Meta and Amazon, have made significant staff cuts in response to the impact of AI on the workforce and industry. Microsoft has been investing heavily in AI infrastructure and tools, spending $37.5 billion on expenses related to data centers and infrastructure in the quarter that ended in December.
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