Microsoft Plans First-Ever Voluntary Employee Buyout
Microsoft is reportedly preparing to launch its first voluntary employee buyout program in its 51-year history, according to a report by CNBC.
Buyout Program Targets Eligible U.S. Employees
The one-time retirement initiative will be available to U.S.-based employees at the senior director level and below. Eligibility will depend on a combined total of age and years of service reaching at least 70, according to internal information cited in the report.
Certain Employees Excluded from the Offer
Employees who are part of sales incentive compensation plans will not be eligible to participate in the buyout program.
Changes to Employee Compensation Structure
In addition to the buyout plan, Microsoft is also revising how it allocates stock-based compensation. Under the new approach, managers will no longer be required to directly link stock awards to cash bonuses as part of annual employee rewards.
Company Yet to Comment
Microsoft has not issued an official response regarding the reported changes.
