On Monday, Microsoft offered voluntary buyouts to around 60,000 employees across its teams in India, UK, US and Canada. The company described it as “a time-limited, voluntary program that gives those who are eligible the opportunity to leave Microsoft with financial support and career planning resources. However, Microsoft expects ‘very few’ employees to actually accept the offer.
“Our intent is to offer employees agency if they choose to leave the company on their own terms. A Microsoft spokesperson told Business Insider that it expects 3,000 or fewer employees to take up the Voluntary Exit Offer (VEO). It was offered to eligible personnel in the United States, Canada, India, and the United Kingdom whose experience classification falls at level 70 or below. (Also read: Microsoft offers voluntary buyouts to around 60,000 employees in India, US, Canada and UK )
Because of the growth opportunities here at Microsoft.” (Also read: Microsoft’s buyout offer to 60,000 staff includes base pay, health insurance, stock vesting: report ) The buyout offer was extended to 60,000 employees — more than a quarter of Microsoft’s total workforce, we expect very few people to select this offer.
“I know there have been some questions on the rationale behind the voluntary exit offer that we announced this week,” Hood wrote. This point was emphasized by Amy Hood, Chief Financial Officer at Microsoft, in an internal company memo on Wednesday.
