Google expands voluntary retirement program to five countries

In depth

According to Calcalist, Google began offering retirement packages in the summer to some of its employees in Canada, France, Germany, Japan and Switzerland, after the UK and the US. In Switzerland, the compensation is up to 12 months' salary.

According to Globes, Google is expanding its voluntary retirement program to five additional countries. According to Channel 14, citing a Reuters report, the move is meant to rein in operating costs, and it joins cutbacks at Microsoft.

According to Channel 14, employees of the cloud teams and the DeepMind lab are excluded from the offers, and the move is causing unease among thousands of workers at the development centers in Israel.