Washington (AP): Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as the software giant spends heavily on artificial intelligence.

Chief People Officer Amy Coleman said in a blog post Monday that the company's voluntary exit offer was available to eligible employees in Canada, India, the United Kingdom and the United States.

"The Voluntary Exit Offer is new for us," Coleman wrote. "We'll learn from it. At the same time, we'll keep helping people focus on the work that matters most, build new skills and, where it makes sense, find new opportunities across Microsoft."

The company, which releases its quarterly financial performance Wednesday, had approximately 223,000 full-time employees at the end of June.

Shares of Microsoft Corp., based in Redmond, Washington, hit an all-time high this month.

In May, Microsoft planned to offer buyouts to about 8,750 people, or 7% of its US workforce, according to two people familiar with the plan who were not authorised to speak about it publicly.

In July, the company said it was cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business.

This report was published from a syndicated wire feed. Apart from the headline, the EdexLive Desk has not edited the copy.