Tech company offers buyouts in an effort to reduce costs amid the rising use of AI, according to reports

Microsoft announced that it would offer buyouts to 60,000 employees in an effort to reduce costs amid the rising use of artificial intelligence, according to reports, the latest example of how AI is reshaping tech companies and the greater workforce.

This is the latest of several trimmings Microsoft has made to its workforce this year. The company announced in April that it was offering voluntary retirement to about 7% of its US workforce, which consisted of about 125,000 employees at the time. Its global workforce is made up of about 223,000 workers globally.