Microsoft offers buyouts to around 60,000 employees, reports say

Microsoft is offering buyouts to around 60,000 employees in an effort to cut costs and rework its workforce for AI. The buyouts are limited to employees at the vice president level and below on select teams in the U.S., Canada, India, and the U.K., excluding those working in data centers, sales and marketing. The benefits offered to employees who choose the buyout are similar to those in a standard severance package, and the company had previously offered buyouts to retirement-age employees earlier this year, with 30% of the 8,750 eligible workers accepting.