Microsoft offers early retirement buyout
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The tech giant is offering long-serving employees early retirements as it continues to invest aggressively in artificial intelligence.
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Microsoft is rolling out voluntary buyouts for some of its US employees, a first for the 51-year-old tech giant as it adjusts to the rapid advancements in artificial intelligence (AI). The one-time retirement programme is open to eligible workers at the senior director level and below who have a combined age and years of service totalling at least 70.
Meta and Microsoft are the latest software companies to announce big cuts to their global workforce. Both companies are also making big investments in artificial intelligence (AI). The link seems obvious.