Microsoft launches its first voluntary retirement program in over 50 years, targeting employees with a combined tenure-plus-age score of 70 or higher; 7% of staff are eligible

Microsoft is launching its first companywide voluntary retirement program for eligible U.S. employees.

The offer applies to workers at or below senior director level who meet age-and-tenure criteria, with about 7% of the workforce eligible.

Notices are due by May 7, marking a new phase in Microsoft’s workforce restructuring after recent layoffs.

The company is also changing how it grants stock compensation to managers and leaders.