Microsoft posts voluntary retirement package terms for eligible US employees
Updated
Updated · The Verge · May 6
Microsoft posts voluntary retirement package terms for eligible US employees
8 articles · Updated · The Verge · May 6
About 8,750 workers, roughly 7% of its US workforce, qualify if age plus service totals at least 70, with 30 days to decide.
The offer includes five years of healthcare coverage, lump-sum severance tied to seniority, and six months of stock vesting, rising to 12 months for employees with 24 years' service.
Microsoft said last month it expects a $900 million quarterly charge for the one-time programme, the first voluntary retirement offer in the company's 50-year history.
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