India, Oct. 27 -- Microsoft is extending voluntary severance buyouts to nearly 60,000 staff members, as per CNBC. The offer includes severance compensation, ongoing equity vesting provisions, and sustained health insurance coverage as components of the departure agreement. This announcement comes months after the software giant's April move when it offered first-ever voluntary buyouts to some US employees.

Approximately 7% of US employees qualified for the one-time retirement initiative. It was made accessible to personnel at the senior director level and below who satisfied the eligibility criterion of having their combined years of service and age 70 or higher. In July, Shawn Mrzena, the former Microsoft director from Redmond, Washingt...