India, Oct. 27 -- Microsoft has extended voluntary buyout offers to nearly 60,000 employees across the US, UK, Canada, and India. Amy Coleman, Executive Vice President and Chief People Officer, in a communication shared with Microsoft employees on October 26, said that this offer "gives eligible employees who may be considering a future outside the company a new choice to make that transition now with support."

In a recent report, Business Insider has shared what is included in the buyout offered by the tech giant.

According to the report, payouts are structured around an internal experience scale for employees from level 59 to Level 70. Staff at Level 64 and below will receive one week of base pay for every six months of service at the...