"Many of these employees have spent years, and in some cases, decades, shaping Microsoft into what it is today. Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support."
"Managers have more flexibility to meaningfully recognize high performance, as we are separating stock awards from bonuses and reducing the number of pay levels from nine to five."
Microsoft is launching a one-time voluntary retirement program for eligible employees, specifically targeting senior directors and below with a combined age and service of 70 or more. This initiative affects approximately 7% of its US workforce, totaling around 8,750 employees. Notifications will be sent on May 7, with a 30-day response window. The program aims to support long-time staff, while also implementing changes to the compensation system, including a reduction in pay levels and adjustments to stock awards.
Read at TechRepublic
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