New York Times · Emmy Martin ·

Employees at Microsoft, long known for its stability, are grappling with its decision to offer buyouts to 60,000 people as its spending priorities shift to AI

Within an hour of Microsoft's announcement of buyouts last week, employees rushed to an internal site to see whether they had been offered one.

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Employees at Microsoft, long known for its stability, are grappling with its decision to offer buyouts to 60,000 people as its spending priorities shift to AI

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New York Times — Employees at Microsoft, long known for its stability, are grappling with its decision to offer buyouts to 60,000 people as its spending priorities shift to AI ↗

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Bloomberg: Microsoft offers buyouts to ~60K workers, including at a VP level and below across the US, Canada, India, and the UK; its headcount at the end of June was 223K

The Register: Memo: Linux distribution vendor SUSE is laying off ~10% of its employees, saying "automation and AI are fundamentally shifting how software companies operate"

Reuters: Google says it expanded voluntary exit buyouts in June to employees across Canada, France, Germany, Japan, and Switzerland to manage costs amid huge AI spending

Bloomberg: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs

Bloomberg: Microsoft is seeking to raise $25B+ in its first US investment-grade bond sale since 2017, when it raised $17B, to fund AI-related capital expenditures

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