What a buyout is, and why Microsoft is offering one to 60,000 employees?
- Microsoft offered voluntary exits to 60,000 staff across India, US, UK, and Canada globally.
- Unlike mandatory layoffs, a buyout offers voluntary severance packages, letting employees choose to leave or stay.
- Voluntary exit offers apply to all staff up to vice-president level, regardless of age or tenure.
- Employees must decide by early December, with departures scheduled for December 31 under standard severance terms.
Source: economictimes.indiatimes.com
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