Fintech News Singapore

Microsoft Offers 60,000 Staff Voluntary Buyouts to Manage AI Costs

Microsoft is offering voluntary buyouts to around 60,000 employees, representing more than a quarter of its global workforce, as it seeks to manage costs and fund its AI investments. Reuters reported the development following an earlier report by Business Insider. The time-limited programme is available to eligible employees at level 70 and below in participating [...] The post Microsoft Offers 60,000 Staff Voluntary Buyouts to Manage AI Costs appeared first on Fintech Singapore.

By Fintech News Singapore

1 min read
Microsoft Offers 60,000 Staff Voluntary Buyouts to Manage AI Costs
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Fintech & Digital Payments

Related Insights