Microsoft is trying to shed a lot of workers. Just don't call it a layoff.

The tech giant is offering buyouts to 60,000 employees just as Skydance is also seeking volunteers to leave the company.

Microsoft offers to buy out a quarter of its workforce

On Monday, Microsoft said it will offer voluntary buyouts to eligible employees in select parts of the company. CNBC reports that the buyouts will be offered to roughly 60,000 employees, or about a quarter of its global workforce.

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Microsoft makes new ‘voluntary exit’ offer to more than a quarter of its workforce, including some execs

Microsoft is offering buyouts to about 60,000 employees in the U.S., Canada, the U.K. and India, with no age or tenure requirement. The package is equivalent to the company's standard severance, and Microsoft expects a much smaller share of employees to accept than took its spring retirement program.

Microsoft wants thousands of employees to leave, and it’s willing to pay them to do it

Workers in several major divisions have just weeks to decide whether to accept voluntary buyouts as the company moves to reduce costs. Microsoft is giving an enormous swath of its workforce an easy out—if they want it.

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