Microsoft layoffs: Here's what company is offering laid-off employees across US in severance
Microsoft announced to cut around 4,800 jobs, or about 2.1% of its global workforce earlier this week. As part of the layoffs, the company is offering severance packages to affected employees in the US. According to documents reviewed by Business Insider, the package includes up to 39 weeks of base pay for most employees, depending on their role and years of service. Laid-off workers will also receive continued stock vesting for eligible employees, paid health insurance for up to six months, and the option to extend health coverage.
Microsoft offers severance package for laid-off US employees
According to Business Insider, affected US employees will receive a minimum of 60 days of base pay, during which they will remain on Microsoft's payroll. As mentioned above, most employees will be eligible to receive up to 39 weeks of base pay, depending on their seniority and length of service.
Microsoft offers severance package for laid-off US employees
According to Business Insider, affected US employees will receive a minimum of 60 days of base pay, during which they will remain on Microsoft's payroll. As mentioned above, most employees will be eligible to receive up to 39 weeks of base pay, depending on their seniority and length of service.
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