📌 Key Highlights & Quick Takeaways:
- American technology company Microsoft has announced voluntary severance offers to 60,000 employees.
- According to international media reports, Microsoft is looking to cut costs in the face of heavy investment in artificial intelligence, whic.
- Employees of USA, Canada, India and UK will be able to benefit from the scheme. Eligible employees in the position of vice president and bel.
American technology company Microsoft has announced voluntary severance offers to 60,000 employees.
According to international media reports, Microsoft is looking to cut costs in the face of heavy investment in artificial intelligence, which is being offered to thousands of employees.
Employees of USA, Canada, India and UK will be able to benefit from the scheme. Eligible employees in the position of vice president and below were offered voluntary severance.
Earlier this year, the company offered voluntary buyouts to about 9,000 employees, or about 7 percent of its workforce in the US.
In July, Microsoft announced it would cut 4,800 jobs, about 2.1 percent of its global workforce. The company is making major changes to its Xbox gaming business, selling or spinning off up to five studios, as it looks to boost profits after years of heavy investment in the sector.
