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Microsoft Offers Voluntary Buyouts to About 60,000 Employees, CNBC Reports

Source
JH Kim

Summary

  • Microsoft is reportedly offering a voluntary separation program to about 60,000 employees.
  • The move comes about six months after Microsoft launched its first voluntary buyout program since its founding.
  • Microsoft is investing heavily in AI data centers, and the related spending is increasing the company's financial burden.

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Photo: Shutterstock
Photo: Shutterstock

Microsoft is offering a voluntary separation program to about 60,000 employees, CNBC reported on October 26. The move comes as the company faces rising financial pressure from its investment in artificial intelligence data centers.

The measure comes about six months after Microsoft introduced its first voluntary buyout program since the company was founded.

Microsoft has been pouring large sums into building AI data centers, and the related spending is increasing the company's financial burden, the report said.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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