Microsoft offers voluntary exit packages to 60,000 staff

Microsoft announced on Monday that it is offering voluntary exit packages, or buyouts, to approximately 60,000 employees. This figure represents roughly a quarter of the tech giant's total workforce.

The restructuring measure targets staff on select teams within the United States, Canada, India, and Britain at the vice president level and below. According to the company, the move is designed to cut costs while simultaneously freeing up capital to heavily invest in artificial intelligence.