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Microsoft’s first-ever voluntary retirement offer for 8,500-plus US employees: Here’s what’s in buyout package

FILE Picture (AP Photo/Thibault Camus, File) Microsoft has finally put numbers on its voluntary retirement program, and the package combines healthcare coverage, cash severance, and a partial stock vesting bump for long-serving US employees who decide to walk away. The terms were meant to go live for staff on Wednesday, but according to The Verge,…

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Explained: What is the Voluntary Retirement Programme that Microsoft is offering to its 8500-plus employees

Microsoft is offering voluntary retirement to roughly 7% of its US workforce—about 8,750 people out of 125,000 American employees. It’s the first time in the company’s 51-year history it has done anything like this. In previous years, when Microsoft needed to cut costs, it reached for layoffs: more than 15,000 jobs went last summer alone….

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