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Microsoft is offering voluntary buyouts to more than a quarter of its staff, some 60,000 people, as it looks to defray the cost of AI and data center spending. The buyouts will be offered to staffers at the vice president level or below in the U.S., Canada, India and the U.K. The Xbox, Windows, Copilot […]

Tech giant moves to control costs and it spends up to $175bn on AI infrastructure this year

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

The new Skydance co-CEOs David Ellison and Ynon Kreitz on Monday revealed plans to move the full complement of staffers to five days a week in office in person and offered a Voluntary Buyout (VBO) Program “to give eligible employees the option to move on in a way that works for them.” “We truly believe […]

Skydance, as it embarks on the work to integrate the businesses of Paramount and Warner Bros. Discovery, is offering certain employees a voluntary buyout in a “one-time offer.” The new program was outlined by chairman and CEO David Ellison and co-CEO Ynon Kreiz in a memo to staffers Monday. “As we bring our teams together, […]

Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as the software giant spends heavily on artificial intelligence.

Roughly a quarter of Microsoft's workforce will be eligible for a "voluntary exit offer" as the company tries to shed workers.

That's over a quarter of the company's global workforce.

Microsoft is offering voluntary buyouts to up to 60,000 employees across the US, UK, Canada, and India. In a message to employees, Microsoft chief people officer Amy Coleman writes that this gives staff members "the opportunity to leave Microsoft with financial support and career planning resources" as the company looks to trim staff without another […]

The buyout offers mark Microsoft's latest efforts to cut costs and rework its workforce.

Microsoft is trying to balance a rapid AI infrastructure build-out with capital efficiency.

Microsoft is offering voluntary severance packages to 60,000 of its staff - more than a quarter of its workforce - including some in the UK.