Microsoft offers buyouts to 60,000 staff and borrows $25 billion in days; Here’s why
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Microsoft has priced a $25 billion bond sale, its first US investment-grade offering since 2017, just days after offering voluntary exit packages to about 60,000 employees. Orders hit $115 billion across ten tranches, while CFO Amy Hood flagged Azure demand outpacing supply. The ...
Microsoft has priced a $25 billion bond sale, its first US investment-grade offering since 2017, just days after offering voluntary exit packages to about 60,000 employees. Orders hit $115 billion across ten tranches, while CFO Amy Hood flagged Azure demand outpacing supply. The money will fund AI data centre spending as capex nears $175 billion.
Original Source
https://timesofindia.indiatimes.com/technology/tech-news/after-offering-buyouts-to-60000-employees-microsoft-is-borrowing-25-billion-to-pay-for-ai-cfo-amy-hood-says-were-fortunate-to-have-/articleshow/135466517.cms
