Microsoft layoffs: Here’s what employees will receive in severance package

Microsoft announced the severance package for employees affected by its latest round of layoffs, saying eligible workers in the United States could receive compensation worth up to 39 weeks of base salary, reported Business Insider. The package also includes health insurance benefits, stock vesting in some cases and other support measures.

The announcement comes after Microsoft said it would cut around 4,800 jobs, or about 2.1% of its global workforce, as part of a wider restructuring. The company has continued to invest heavily in artificial intelligence while reviewing costs across different parts of the business.