Microsoft offered buyouts to 60,000 employees. It expects only 3,000 to accept
India, Oct. 29 -- On Monday, Microsoft offered voluntary buyouts to around 60,000 employees across its teams in India, UK, US and Canada. The company described it as "a time-limited, voluntary program that gives those who are eligible the opportunity to leave Microsoft with financial support and career planning resources." However, Microsoft expects 'very few' employees to actually accept the offer.
A Microsoft spokesperson told Business Insider that it expects 3,000 or fewer employees to take up the Voluntary Exit Offer (VEO).
This point was emphasized by Amy Hood, Chief Financial Officer at Microsoft, in an internal company memo on Wednesday.
"I know there have been some questions on the rationale behind the voluntary exit offer that...
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