Big Techs next round of layoffs could start with volunteers

Image for article Big Techs next round of layoffs could start with volunteers
News Source : Business Insider

News Summary

  • Voluntary buyouts are having a moment in Big Tech.
  • Workers at Google recently pressed the search giant to make the exit offers a standard first step whenever it plans job cuts.
  • Microsoft, meanwhile, launched its first broad voluntary retirement program this past spring.
  • The developments are raising broader questions in tech, where many once-scrappy startups are now sprawling corporations.
  • "Buyouts are becoming increasingly compelling for older Silicon Valley companies," said Laszlo Bock, a former Google head of human resources.
Some Google employees are rallying for voluntary buyouts to be offered before layoffs.

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