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00:02Microsoft will offer voluntary buyouts to some U.S. employees under a one-time retirement program
00:07announced Thursday, according to CNBC. The move marks the first such move for the 51-year-old
00:13company as it responds to changes driven by artificial intelligence. About 7% of U.S.
00:18employees are eligible, including workers at the senior director level and below whose age and
00:23years of service total at least 70. Eligible employees and managers will receive details on
00:29May 7th, while those with sales incentive plans are excluded. The company is increasing capital
00:34spending on data centers for generative AI demand and previously reduced costs through layoffs.
00:40Microsoft is separating stock awards from cash bonuses and simplifying its review system to
00:45give managers more flexibility with fewer pay options. For all things money, visit Benzinga.com.
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