The HRTech Wire

Voluntary buyouts: Big Tech pays staff to walk away as the AI bill comes due

Microsoft, Google, Meta and Canva are offering buyouts to employees as AI capital spending reaches record levels. Microsoft's October Voluntary Exit Offer covers about 60,000 staff in the US, UK, Canada and India at internal level 70 and below, with terms matching its standard severance of at least eight and up to 39 weeks' pay. Canva told 1,271 employees, or 22% of its workforce, that their jobs would end, change or move.

Companies in this story

Verified vendor profiles for the companies named above.

Canva

Online visual communication and design platform that lets individuals and teams create, collaborate on and publish graphics, documents and presentations.