Microsoft announces its first voluntary retirement program, for staff whose years of employment and age add up to 70+; source: 7% of US employees are eligible
Microsoft will offer voluntary buyouts to some U.S. employee, a first for the 51-year-old software giant, as the tech industry grapples …
CNBC Jordan Novet
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Discussion
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@kylebrussell
Kyle Russell
on x
Get out with some dignity before the AGI layoffs
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@billym2k
Shibetoshi Nakamoto
on x
every big tech company seems to be doing this before big layoffs yay
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@edzitron
Ed Zitron
on x
Amy Hood put Satya Nadella in a headlock
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@gergelyorosz
Gergely Orosz
on x
@hkarthik @MeteMorris Given that in the last several years all that we've heard about was sudden and large layoffs across various companies: offering a buyout is much, much more considerate, mature, and employee-friendly. I will say kudos to Microsoft (and, earlier, Google) for d…
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@gergelyorosz
Gergely Orosz
on x
Upsides: - Less reputation damage, by a LOT vs layoffs - Just more... humane? - Shows an org is mature enough to be able to forecast HC shrinkage, and has the profits to be a bit more generous and less reactive There's a reason these are rare in tech https://x.com/...
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@thejobchick
Amanda Goodall
on x
Microsoft's first voluntary buyout for 7% of employees is happening... but can we call it what it is: It's labor amortization. They're targeting senior director roles and below where age + tenure = 70+. AKA... The expensive people. High salary bands. Big stock refreshes.
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@brodyford_
Brody Ford
on x
Big buyouts announced at Microsoft today. About 8,000 eligible. better than mass layoffs like at Oracle or Meta, but still not a great sign for the job market. https://www.bloomberg.com/...
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@hkarthik
Karthik Hariharan
on x
@GergelyOrosz This happened at HP back in the 2000s, especially as they tried to pivot to being a services based business. I recall it happening at IBM before. So not the first time tech companies have done it. Just the first time in 20+ years.
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@tomwarren
Tom Warren
on x
Microsoft is offering voluntary retirement to long-serving employees. It comes after some senior executives departed this year, and could help avoid broader layoffs. Bonuses and stock awards are also changing. Full details 👇 https://www.theverge.com/...
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Max Pashman, CFP
Max Pashman, CFP
on linkedin
Microsoft just did something it's never done in 51 years. — And it says a lot about where things are going. — They're offering voluntary retirement buyouts to U.S. employees. …
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Brody Ford
Brody Ford
on linkedin
Big buyouts at Microsoft announced today - around 8,000 folks eligible. — Probably a better alternative to mass layoffs like we're seeing at Oracle, Meta, etc. …
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Richard King
Richard King
on linkedin
Almost 9,000 US-based employees qualify for this program. Time to get rid of the Baby Boomers and older Gen X's in the ranks. See ya!! …
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@marypcbuk
Mary Branscombe
on bluesky
Microsoft has already lost a LOT of people I did not expect to leave [embedded post]
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@tcgamer
Terry Coleman
on bluesky
Sounds good. But I always wonder if companies that do this also jettison their collective institutional knowledge. [embedded post]
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@Viss@mastodon.social
@Viss@mastodon.social
on mastodon
if you think azure is bad now, or ms products are bad now, imagine what happens when all the elder god types still there, who are barely keeping the ship afloat, all take this deal and bounce — https://www.cnbc.com/...
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Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce
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Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce
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Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce
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Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce
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Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce
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@tomwarren.co.uk
Tom Warren
on bluesky
for my Notepad 📒 newsletter this week I'm digging into the wave of Microsoft executive departures in recent months. There's a lot of changes going on inside Microsoft, and the pace feels notable this early in the year. Live for subscribers now 👇 www.theverge.com/tech/917361/ ..…
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r/economicCollapse
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Microsoft offering unprecedented buyout option for 7% of its workforce