Microsoft has announced a new voluntary exit programme that will allow some employees in the United States, United Kingdom, Canada and India to leave the company with financial support.
The scheme, known as the Voluntary Exit Offer (VEO), is open to eligible employees at level 70 and below in selected departments as the technology giant looks to adjust its workforce.
“Today, we’re introducing a new Voluntary Exit Offer to eligible employees within participating organisations,” Microsoft Executive Vice President and Chief People Officer, Amy Coleman said.
“This offer gives eligible employees who may be considering a future outside the company a new choice to make that transition now with support. It also gives participating organisations another way to adapt their workforce to changing needs.”
Under the programme, employees who choose to leave will receive financial assistance and access to career planning resources to help them prepare for their next move. However, the offer will not be available across the entire company.
Microsoft said each department will decide whether to participate based on its business priorities, customer commitments and staffing needs.
Eligible workers will receive emails explaining the offer and how they can take part. The company has not disclosed the amount of money employees will receive or how long the programme will remain open.
“The Voluntary Exit Offer reflects an important part of how we’re evolving our approach to change: creating greater flexibility and, where possible, more ways for employees to shape their next chapter,” Coleman said.
The technology giant added that the programme is new and that it will assess how well it works.
“The Voluntary Exit Offer is new for us. We’ll learn from it. At the same time, we’ll keep helping people focus on the work that matters most, build new skills and, where it makes sense, find new opportunities across Microsoft,” Coleman stated.
“There is no one-size-fits-all approach for every team or every employee. These are a few of the ways we’re trying to meet different business needs while continuing to create opportunities for our own people to grow and contribute.”
IN RELATED NEWS
