Microsoft rises over 1%, the company will offer buyout packages to 60,000 employees in its latest round of cost-cutting.

October 26, according to BIT (Bit.com) market data, Microsoft rose more than 1% during the session, with its market capitalization rising to $3.94 trillion.

On the news front, Microsoft will offer buyout packages to 60,000 employees in its latest round of cost cutting. The voluntary severance compensation plan will be available to eligible employees at grade 70 and below in participating teams in Canada, India, the UK, and the US.