Microsoft offers buyouts to 60,000 staff as AI drives restructuring
Microsoft is offering voluntary buyouts to 60,000 employees. It joins American Express and Barclays in making AI-related workforce cuts.
Microsoft has joined a wave of major companies cutting staff. The company is reshaping operations around artificial intelligence.
Microsoft is offering buyouts to some 60,000 employees. These employees are in the US, Canada, India and the UK.
They are at experience level 70 or below. This covers roughly mid-career and junior staff.
Workers have the next few weeks to decide. Departures take effect at year-end.
Microsoft's share price rose 1.5 percent on the announcement. American Express announced it will cut 5 percent of its global workforce.
That amounted to some 77,000 employees at year-end. The company cited AI as a primary reason.
Barclays announced some 5,000 job cuts the same week. About 60 percent go to support functions, including developers.
Both banks expect the cuts to be complete by year-end. The buyouts follow a voluntary retirement program Microsoft ran earlier this year.
- 60,000
- Employees eligible
- 1.5 percent
- Stock price gain
- 77,000 employees
- American Express cuts
- 5,000
- Barclays job cuts
Why it mattersTech companies are betting they can do the same work with fewer people. They plan to use AI to make this happen. This could reshape how many office jobs operate.
AustraliaAustralian tech workers may face similar pressure if local companies follow the global trend of AI-driven restructuring and staffing cuts.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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