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Microsoft offers to buy out a quarter of its workforce

Microsoft offers buyouts to a quarter of its US, Canada, India and UK workforce.

On Monday, Microsoft said it will offer voluntary buyouts to eligible employees in select parts of the company. CNBC reports that the buyouts will be offered to roughly 60,000 employees, or about a quarter of its global workforce. The company describes the offer as an opportunity for employees who may have already been considering career moves outside Microsoft. While Microsoft did not give a direct reason for the buyout package, it comes as the company has spent the last several years managing costs amid investment in AI infrastructure and data-center buildout. Microsoft will extend the voluntary exit offer (VEO) to qualifying employees in the United States, India, Canada, and the United Kingdom. Microsoft employees at level 70 or below will…