Microsoft offers buyouts to 8,750 mid-managers under 'Rule of 70'; LinkedIn adds 5% RIF
Key Questions
What is the 'Rule of 70' buyout program at Microsoft?
The 'Rule of 70' offers voluntary exits to 8,750 mid-managers and senior employees to fund AI capex initiatives. It includes severance perks but bars rehiring.
How many roles are being cut at LinkedIn as part of the restructuring?
LinkedIn is cutting approximately 875 positions, or 5% of its workforce, through reorgs that include hundreds of Bay Area roles. The cuts involve harsh internal memos and no-rehire policies.
What changes are underway at Xbox under the new leadership?
Xbox is executing a broad business reset with significant layoffs expected across studios and divisions in July. The division is described as overextended, prompting budget cuts including in marketing.
Who is leading the Xbox restructuring and what have they communicated?
New Xbox CEO Asha Sharma has issued memos outlining the reset, citing surprising and frustrating business realities. This follows reports of major upcoming layoffs and operational streamlining.
What assistance is available for employees impacted by Microsoft's changes?
Affected staff, especially seniors, receive outplacement and coaching support alongside severance. The focus is on voluntary exits under the buyout program and LinkedIn reorgs.
'Rule of 70' targets mid-managers/seniors for AI capex voluntary exits; LinkedIn ~875 (5%) reorg cuts with hundreds of Bay Area roles via harsh memos; sev perks/no-rehire. Major outplacement/coaching for seniors.