Microsoft on Monday announced a new Voluntary Exit Offer for eligible employees in participating teams in the US, Canada, India and the UK at level 70 and below. Chief People Officer Amy Coleman's memo says it "builds on what we learned" from April's Voluntary Retirement Program. About 60,000 people, roughly a quarter of its 223,000 staff, are eligible, the company told GeekWire. A person familiar told CNBC that employees decide in December and leave Dec. 31. Some groups, including sales, aren't participating, and Microsoft says the offer doesn't replace layoffs.
About 60,000 people are eligible, roughly a quarter of Microsoft's 223,000 employees, the company told GeekWire.
Coleman wrote that the offer "builds on what we learned" from the Voluntary Retirement Program announced in April.
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Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
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Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
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