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First reported by Variety
Xbox to Lay Off 3,200 Employees and Sell Four Studios in Major Restructure

Microsoft Offers Laid-Off US Workers Up to 39 Weeks of Severance Pay Amid 4,800 Job Cuts

Microsoft is offering laid-off US employees a severance package of up to 39 weeks of base pay, along with stock vesting and health coverage, as it cuts 4,800 jobs across its Xbox and commercial sales divisions. The package includes a minimum of 60 days of base pay while employees remain on payroll, plus additional tenure-based weeks capped at 39 weeks. This severance package reportedly exceeds those offered by competitors like Salesforce, Oracle, and Meta.

Felecia Smith1h ago3 min readenNews
Read on technobezz.com

Key quotes

Microsoft is offering laid-off US employees up to 39 weeks of base pay, stock vesting, and health coverage as it cuts 4,800 jobs across its Xbox and commercial sales divisions.
The US severance plan guarantees a minimum of 60 days of base pay during which employees stay on the payroll, then adds tenure-based weeks up to a cap of 39 weeks.
Employees at internal levels 64 and below receive one week of base pay per six months of service.

From the article

Microsoft's severance for laid-off US workers offers up to 39 weeks of pay, topping rivals like Salesforce and Meta.
Continue reading on technobezz.com

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