New Delhi, Oct. 27 -- Microsoft, the fourth most valuable company in the world, with a market cap of $3.84 trillion, on Monday announced that it is rolling out a Voluntary Exit Offer (VEO) for its eligible employees.

Amy Coleman, Executive Vice President and Chief People Officer, noted in a blog post that the VEO "gives eligible employees who may be considering a future outside the company a new choice to make that transition now with support."

"It also gives participating organizations another way to adapt their workforce to changing needs", the blog post noted.

According to Coleman, the new VEO builds on what Microsoft learned from its Voluntary Retirement Program, which was rolled out earlier this year. In July, Microsoft revealed t...