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Microsoft is offering buyouts to around 60,000 employees, Business Insider reports

Reuters
Microsoft is offering buyouts to around 60,000 employees, Business Insider reports

Oct 26 (Reuters) - Microsoft ‌is offering buyouts to around 60,000 employees, Business ​Insider reported ‌on Monday, citing a company ‌spokesperson.

The company did not immediately comment on the number of ‌employees impacted when contacted by Reuters.

The voluntary exit offer will impact key divisions, including AI experiences, ⁠Copilot, finance, human resources, Xbox ‌and Windows + Devices, ⁠a source familiar with the matter ​told Reuters. It will exclude units such as marketing, commercial ​business and security, the source ​added.

"This ‌offer will be available to ​eligible employees in participating teams ⁠in Canada, India, ‌the United Kingdom ​and the ​United States at level 70 and below," Microsoft said in a blog post on Monday.

The company ‌said it was a time-limited, volunatary program and built on insights ‌gained ​from a previous voluntary retirement program.

(Reporting by Jaspreet Singh and additional reporting by Deborah Sophia in ‌Bengaluru; Editing by Jonathan Ananda)