Tech Job Cuts: Microsoft Corporation (MSFT) Offers Voluntary Buyouts To Employees

Microsoft Corporation (NASDAQ:MSFT) is among the 15 Best Big Name Stocks to BuyEarlier this week, the company said it would offer voluntary buyouts to employees as job cuts continue to impact the tech industry amid rising AI spending.

Tech Job Cuts: Microsoft Corporation (MSFT) Offers Voluntary Buyouts To Employees

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According to reports, the software giant will give about 7% of its workforce the option of early retirement. Senior directors and below employees, whose age and number of years worked at the company are equal to or higher than 70 years, will be able to avail the program, according to CNN.

This is the first time that Microsoft Corporation (NASDAQ:MSFT) has offered such a program in its history. Eligible employees will be notified on May 7.

In other news, the stock continues to remain on analysts’ radar and currently sports a Strong Buy rating with an average share price upside potential of 36% as of the close on April 24.

Recent updates include a Thursday update from Guggenheim, which maintained a Buy rating on the tech giant with a price target of $586. Earlier during the week on April 22, Citigroup trimmed its price target to $600 from $635, citing multiple compressions. However, the firm reiterated its Buy rating for the stock.

Microsoft Corporation (NASDAQ:MSFT) develops software, services, devices, and cloud-based solutions and is renowned for products such as Windows, Azure, Office, LinkedIn, and Xbox.

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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