Microsoft Gives ‘Voluntary Exit Offer’ To 60,000 Employees, Roughly 25 Percent Of Its Total Workforce

Microsoft’s latest cost-cutting plan involves offering buyouts to roughly a quarter of the company, essentially providing 60,000 people with the option of laying themselves off, Business Insider reports . They’ll get a generous severance package in exchange for choosing to voluntarily leave the tech giant. “The Voluntary Exit Offer is new for us. We’ll learn from it,” chief people officer Amy Coleman wrote in a memo to staff. “At the same time, we’ll keep helping people focus on the work that matters most, build new skills, and, where it makes sense, find new opportunities across Microsoft.