Thousands of tech workers woke up this week to life-changing news. Microsoft has confirmed plans to make around 4,800 employees redundant. The move accounts for roughly 2.1 per cent of its global workforce. For many employees, the news brings sudden uncertainty. Career paths built over years have dissolved overnight. Yet, as the initial shock settles, details of the exit terms reveal a surprisingly cushioned landing.
The tech giant is offering up to 39 weeks of base pay for most US workers. These generous terms reflect a bitter reality across the industry. Tech giants are aggressively trimming staff to fund massive investments in artificial intelligence.
