Microsoft offers 60,000 employees money to leave, here’s exactly what they could receive

Microsoft is offering out a financial incentive for employees to leave the company, with the actual amount they could receive depending on their salary, position, and how long they have worked there.

The tech giant announced that a whopping 60,000 workers are eligible for a voluntary buyout scheme where they will receive money in return for resigning from their position at the end of this year.

This is according to a report by Business Insider, which details how reviewed individual offers have been sent to staff.

How much money could Microsoft employees receive?

The actual amount of money Microsoft employees could receive will vary. The firm uses an internal ranking system to determine employee seniority, with levels beginning at 59 for entry-level positions and climbing to level 70, which includes vice presidents.

Microsoft has announced a voluntary buyout scheme for its workers (Ying Tang/NurPhoto via Getty Images)

The latest offers were made available to employees on selected teams in the US, Canada, India and the UK, including some workers at level 70.

The Business Insider report suggests that employees at level 64 and below were offered a package of one week of base salary for every six months of service with the company.

Meanwhile, employees at levels 65 to 67 were offered two weeks of base salary for every six months they had worked for Microsoft.

There are some limits as workers at level 67 and below are subject to a cap of 39 weeks of base pay, while the standard severance offer for level 68 includes 12 months of salary.

The offers also include continued stock vesting and health insurance coverage, providing additional benefits beyond the immediate financial payment.

Those who have been offered a buyout will have until early December to decide whether or not to accept the package, with employees who take the offer expected to leave the company at the end of the year.

This is Microsoft's second voluntary buyout scheme of the year (Thomas Fuller/SOPA Images/LightRocket via Getty Images)

This isn’t Microsoft’s first voluntary payout of the year

Earlier this year, Microsoft had also introduced a voluntary departure program where around 8,750 employees in the US were eligible to participate.

But Microsoft isn’t alone, as other major tech firms have also been conducting similar buyout schemes, including the likes of Google.

Back in February, Google offered certain employees in the US. This was part of the company’s move to reshape its workforce around the expansion of AI.

However, Google did not publicly disclosed the exact payout terms, and the offer was not extended to every employee.