severance package

Microsoft will cut around 4,800 jobs, about 2% of its global workforce, and affected U.S. employees are reportedly eligible for a severance package capped at 39 weeks of base salary. The reported U.S. package includes at least 60 days of base pay while employees remain on payroll, severance...

Here’s a concise summary of the article "From Cloud Gains to Job Pains: Microsoft Announces Major Layoffs" from cceonlinenews.com: Microsoft has announced a significant round of layoffs, aiming to cut between 6,000 and 7,000 jobs (about 3% of its global workforce), even as it reports strong...