News > Business

Microsoft Layoffs: Here's How Much Money Ex-Employees Could Receive

Microsoft Layoffs: Losing a job is never easy. But for thousands of Microsoft employees shown the door this week, the landing may be softer than most.

After announcing another major round of layoffs affecting around 4,800 employees, or about 2.1 per cent of its global workforce, Microsoft has unveiled one of the most generous severance packages currently seen in the technology industry.

While the layoffs have reignited concerns over AI-led restructuring across Silicon Valley, the benefits being offered to affected employees have drawn just as much attention.

Some employees in the United States could receive up to 39 weeks of base salary, continued stock vesting and healthcare coverage, depending on their role and years of service.  

The package is not the same for everyone. It depends largely on an employee's seniority and tenure at Microsoft.

According to severance documents reviewed by Business Insider, most affected US employees will first remain on Microsoft's payroll for at least 60 days, receiving their regular base pay during that period.  

Source:Ndtv

indian mirror

author

news

Article comments

Leave a Reply