Microsoft offers buyouts to 60,000 employees
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Microsoft is due to post its September-quarter earnings report after the closing bell on Wednesday. Investors will be focused on the growth of the company's cloud business — along with how much money Microsoft is spending on AI.
The tech giant confirmed Monday that eligible employees in the US, Canada, India and the UK would receive voluntary exit offers.
Nearly two years after LG and Samsung announced at CES 2025 that their latest smart TVs would include access to Microsoft’s Copilot, the company is ending support for the AI assistant’s functionality on all TVs this year, according to a report by Windows Central.
Microsoft shares are up more than 36% over the past three months, meaning that there's a "clearly higher" bar to clear with Wednesday's earnings report. That's according to Evercore ISI analyst Kirk Materne,
Microsoft is offering buyouts to about 60,000 employees in the U.S., Canada, the U.K. and India, with no age or tenure requirement. The package is equivalent to the company's standard severance, and Microsoft expects a much smaller share of employees to accept than took its spring retirement program.
A hidden security risk could leave businesses exposed long after the original breach is contained.
Microsoft will report Azure revenue in dollars for the first time as it spends heavily to expand artificial intelligence infrastructure capacity.
