""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," Coleman states, indicating the company's support for long-serving employees."
""We're also changing how stock is awarded, moving away from it being directly tied to bonus, so managers have more flexibility to meaningfully recognize high performance," says Coleman."
Microsoft is launching a voluntary retirement program for long-serving US employees, marking the first time in its history. Employees eligible for this program must have a combined age and service total of 70 or more. The initiative aims to provide generous support for those considering retirement. Additionally, Microsoft is simplifying its performance rewards system by reducing pay levels and decoupling stock awards from bonuses, allowing managers more flexibility in recognizing high performance and potentially retaining talent amid executive departures.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]