Microsoft offering buyouts to 60K employees

Microsoft Corp. will offer buyouts to approximately 60,000 workers as part of the software giant’s effort to trim costs, according to a memo obtained by several media outlets.Read more trending news The memo, written by Chief People Officer Amy Coleman, was sent to employees on Monday, according to Business Insider.“The Voluntary Exit Offer reflects an important part of how we’re evolving our approach to change: creating greater flexibility and, where possible, more ways for employees to shape their next chapter,” Coleman wrote.The software maker’s exit offer is for certain workers in the United States, Canada, India and the United Kingdom at its experience level of 70 or below, CNBC reported.According to the memo, the move announced on Monday is building on the voluntary retirement program it announced earlier this year, KIRO reported.Microsoft, which spent heavily on artificial intelligence infrastructure and worked at reducing its workforce, is hoping that the buyout can cut costs,