Microsoft to reportedly offer buyouts to 60,000 employees in latest cuts
Tech company offers buyouts in an effort to reduce costs amid the rising use of AI, according to reports
TL;DR
- Microsoft is reportedly offering voluntary buyouts to 60,000 employees.
- The cost-reduction measure is linked to the rising use of artificial intelligence.
- Divisions like Xbox, Windows, and Copilot are included in the offer.
- Employees in cybersecurity, datacenters, and marketing are not eligible.
- This follows previous workforce reductions by Microsoft.
- Other tech companies like Meta and Amazon have also announced layoffs or workforce cuts.
- It is unclear if these measures have translated into greater efficiency.
- A recent study found 90% of surveyed senior executives reported AI had not yet increased productivity.