Google offers 'voluntary exit packages' per Reuters as big tech layoffs and buyouts top 100,000 this year
Key points
- Google has begun offering 'voluntary exit packages', per a Reuters report
- Microsoft recently offered buyouts to 60,000 employees; Oracle cut 21,000 (about 13% of staff)
- Big tech layoffs and buyouts have topped 100,000 this year; it is unclear whether Google's program will remain voluntary
Google has begun offering 'voluntary exit packages', according to a Reuters report cited by Yahoo Finance. The article says Microsoft recently offered buyouts to 60,000 employees and Oracle cut 21,000 (about 13% of staff). The article says big tech layoffs and buyouts have topped 100,000 this year. It is unclear whether Google's program will remain voluntary.
What employers should do
- Track whether peer buyout programs stay voluntary and assess your own layoff or buyout contingency plans
Original report: Yahoo Finance ↗Edited with AI assistance. Facts are based on official sources and original reports.