Microsoft posts $36.6bn profit after offering buyouts to one in four workers

What happened Microsoft reported a profit of $36.6 billion. In the same period it announced it would offer voluntary buyouts to about 60,000 employees, roughly one in four of its workforce.

Why it matters The buyout programme is presented as a measure to curb costs as the company seeks to manage its expenses while maintaining profitability. The profit figure reflects the company's financial performance for the latest reporting period. By targeting a sizable portion of its staff, the buyout offer aims to reduce headcount without layoffs. The initiative follows earlier statements that Microsoft is reviewing its cost structure. Analysts note that such buyouts can help streamline operations while offering employees a financial exit option.