Microsoft engineer in Hyderabad weighs Rs 11 lakh voluntary exit offer

Summary

A 23-year-old Microsoft software engineer in Hyderabad disclosed a voluntary exit payout of about Rs 11 lakh and sought advice on Reddit about whether to accept it.

A 23-year-old software engineer at Microsoft in Hyderabad posted on Reddit’s r/hyderabad community that the company’s Voluntary Exit Offer (VEO) programme had presented him with a payout equivalent to three months’ salary, roughly Rs 11 lakh, if he chose to resign voluntarily. The engineer asked members of the forum whether he should take the offer.

Reddit users responded with mixed opinions. Some cautioned that the job market remains uncertain and advised against accepting the payout, while others said they would take the money and begin looking for a new position. One comment highlighted the risk of potential future layoffs as a factor in the decision.

Microsoft announced the VEO scheme on October 26, targeting eligible employees at Level 70 and below in selected teams across India, the United States, the United Kingdom and Canada. Company statements indicated that around 60,000 employees worldwide could qualify, representing more than a quarter of its workforce. The program is described as voluntary and includes financial support along with career-planning assistance, with participating teams chosen based on business needs and customer commitments.

Source

NDTV

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