Microsoft is offering about 7% of its US workforce the option to retire early, the latest attempt by a major tech firm to downsize while ramping up artificial intelligence investments.
The one-time retirement program, a company first, will be available to employees whose age and years of service total 70 or higher, Microsoft said.
CNBC and Bloomberg first reported the voluntary buyouts, which the company confirmed to CNN.
Those at the senior director level and below will be able to participate, and Microsoft plans to notify eligible employees on May 7.
Microsoft shares (MSFT) fell nearly 4% on Thursday, the day