Microsoft Corporation offers voluntary buyouts to approximately 7% of its workforce, marking the first such program in the company's history.

Microsoft will offer early retirement to senior directors and below whose combined age and years of service equal or exceed 70 years. Eligible employees will be notified on May 7.

This is the first time Microsoft has offered such a voluntary buyout program in its history, as the company manages job cuts amid rising AI spending across the tech industry.

Analysts maintain bullish outlooks on the stock: Guggenheim maintained a Buy rating with a $586 price target on Thursday, while Citigroup reiterated a Buy rating with a $600 price target as of April 22, down from $635.