Microsoft Cuts 4,800 Jobs While Providing Industry-Leading Severance Package
Microsoft is offering most U.S. workers up to 39 weeks of base pay and 12 months of optional COBRA coverage after the layoffs.
- On Monday, July 6, Microsoft announced plans to eliminate around 4,800 jobs, representing roughly 2.1% of its global workforce, primarily affecting the Commercial and Xbox organizations.
- Amy Coleman, executive vice president and chief people officer, wrote that the company must adjust resources to drive customer value, noting eliminated roles are not being replaced by automation.
- Microsoft is offering workers up to 39 weeks of base pay, with every laid-off employee receiving a minimum of 60 days of base pay and access to 12 months of optional COBRA coverage.
- While cutting jobs, the firm plans $190 billion in capital expenditure this year to support infrastructure, with exit terms notably more generous than competitors including Oracle and Salesforce.
- Taya Spelhaug, director of Microsoft Fargo and TechSpark, stated the company remains committed to the region despite not renewing one lease on the Fargo campus, where Microsoft has had a presence for over 25 years.
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Microsoft layoffs explained: Why some of the 4,800 laid-off employees could receive up to 39 weeks' pay
Microsoft's latest round of layoffs has affected around 4,800 employees globally, but the company is offering one of the most generous severance packages in Big Tech. Here's how the payout works, who qualifies, how it compares with rivals and why Microsoft is cutting jobs despite its continued investment in AI.
Microsoft Cuts 4,800 Jobs While Providing Industry-Leading Severance Package
Thousands of tech workers woke up this week to life-changing news. Microsoft has confirmed plans to make around 4,800 employees redundant. The move accounts for roughly 2.1 per cent of its global workforce. For many employees, the news brings sudden uncertainty. Career paths built over years have dissolved overnight. Yet, as the initial shock settles, details of the exit terms reveal a surprisingly cushioned landing. The tech giant is offering u…
Microsoft cuts 4,800 jobs, including 3,200 in Xbox division
Microsoft is eliminating 4,800 jobs across the company, including 3,200 positions in its Xbox gaming division, as the technology giant restructures its gaming business in response to weak financial performance. The layoffs represent about 2.1% of Microsoft’s global workforce. Xbox CEO Asha Sharma said the first wave includes 1,600 employees and is part of a
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