Reading List
The most recent articles from a list of feeds I subscribe to.
Microsoft Offers Voluntary Retirement to Long-Serving Employees
Tom Warren, The Verge (gift link):
“Many of these employees have spent years, and in some cases, decades, shaping Microsoft into what it is today,” says Microsoft’s HR chief Amy Coleman in a memo seen by The Verge. “For those who may be considering their next chapter, we’re offering a one‑time Voluntary Retirement Program.” Microsoft says it applies to only a “small percentage of our US employees.”
US employees whose combined years of service added to their age totals 70 or more will be eligible for voluntary retirement, and Coleman says this will include “generous company support.” It’s not clear if this is a precursor to more layoffs at Microsoft, but it certainly looks like a method to avoid a bigger round of layoffs ahead of Microsoft’s new financial year in July.
70 combined years? My god, when did Microsoft get so, well, soft? I just read about a guy at Apple whose age plus years of employment will hit something like 114 later this year. If I weren’t so lazy I’d double check the exact number with a calculator, but whatever it’s up to today, he hit 70 combined years back around the time the first iMac came out.
Ikea’s new inflatable chair doesn’t look like an inflatable chair
Meta plans to cut 10% of workers, or ~8,000 jobs, on May 20 and won't fill 6,000 open roles, in an effort to offset its AI spending and boost efficiency (Kurt Wagner/Bloomberg)
Kurt Wagner / Bloomberg:
Meta plans to cut 10% of workers, or ~8,000 jobs, on May 20 and won't fill 6,000 open roles, in an effort to offset its AI spending and boost efficiency — Meta Platforms Inc. plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence.
Microsoft announces its first voluntary retirement program, for staff whose years of employment and age add up to 70+; source: 7% of US employees are eligible (Jordan Novet/CNBC)
Jordan Novet / CNBC:
Microsoft announces its first voluntary retirement program, for staff whose years of employment and age add up to 70+; source: 7% of US employees are eligible — Microsoft will offer voluntary buyouts to some U.S. employee, a first for the 51-year-old software giant, as the tech industry grapples …