About a quarter of the tech giant's employees were eligible for the packages, although the company cautioned it did not expect many employees to sign on.
Microsoft will offer buyouts to 60,000 workers on select teams, generally ones that are not involved with data centers, sales or marketing, Bloomberg reported Monday (Oct. 26), citing a Microsoft spokesperson.
Microsoft stock gained on Monday after attracting bullish analyst sentiment ahead of its fiscal first-quarter earnings report, with Wall Street expecting continued growth in its Azure cloud platform and Copilot AI assistant despite rising infrastructure spending. MSFT shares rose 1.1% on Monday.
Oct 26 (Reuters) - Microsoft (MSFT.O), opens new tab is offering buyouts to around 60,000 employees, Business Insider reported on Monday, citing a company spokesperson.