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News Wire / technology

Microsoft Voluntary Buyout To Cost $900 Million

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Microsoft is reportedly offering voluntary severance packages to employees following a year in which the company laid off 15,000 workers. This move follows significant restructuring efforts within the tech giant. The decision aims to manage workforce reductions through voluntary departures rather than further involuntary cuts. Microsoft CFO Amy Hood reported that the company's recently announced voluntary retirement program will incur roughly $900 million in one-time costs. This cost follows a quarterly profit report of nearly $32 billion. The announcement was made during Wednesday's earnings call.

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layoffs Microsoft workforce

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Sources · 7 independent

Mastodon

“Microsoft plans to offer voluntary buyouts for the first time. According to CNBC, about 7% of U.S. employees are eligible, with the program being available to U.S. workers at the senior director le...”

KIRO FM Seattle

“Roughly $900 million in one-time costs for the recently announced voluntary retirement program. That cost is just a fraction of Microsoft's most quarterly profits of... nearly thirty two billion dollars”

Bluesky Social

“Thursday: NYK at ATL - 7pm/et, ESPN BOS at PHI - 8pm/et, Peacock/NBCSN DEN at MIN - 9:30pm/et, ESPN Friday: DET at ORL - 7pm/et...”

Hacker News

“OpenAI's models to train Grok. Posted by fraXis. Score: 1, Comments: 0.”

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