India, July 8 -- Microsoft has announced a new round of layoffs, cutting around 4,800 employees, which is about 2.1% of its global workforce, according to Microsoft. The company is offering a severance package to affected US employees.

Most laid-off US employees will receive at least 60 days of base pay, and they will remain on Microsoft's payroll during this period, according to the severance documents reviewed by Business Insider. Some employees can receive up to 39 weeks of base pay as severance. The exact amount depends on their job level, seniority and how long they worked at Microsoft.

Employees at internal levels 64 and below will receive one week of base pay for every six months they worked at Microsoft. Employees at internal le...