Microsoft to reportedly offer buyouts to 60,000 employees in latest cuts
Summary
Microsoft is reportedly offering buyouts to as many as 60,000 employees to cut costs as it adapts to changing workforce needs and increased use of artificial intelligence. Bloomberg reported that employees in divisions including Xbox, Windows and Copilot may be eligible, while some roles in cybersecurity, data centers and marketing are excluded.Key Facts
- Microsoft has a global workforce of about 223,000 employees, according to the article.
- In April, Microsoft offered voluntary retirement to about 7% of its roughly 125,000 U.S. employees at the time.
- Microsoft executive Amy Coleman said the offer gives eligible workers support if they choose to leave and gives participating organizations another way to adjust staffing.
- Meta announced plans in April to cut about 8,000 jobs, or 10% of its staff.
- Oracle cut 21,000 jobs in June, nearly 13% of its workforce; the article links the cuts to AI.
- A working paper from the National Bureau of Economic Research found that 90% of 9,000 surveyed senior executives said AI had not yet increased productivity at their companies.
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