In a drastic change to its vacation policy, tech giant Microsoft has decided to give its employees as many vacations as they need, starting this year. Under the new “Discretionary Leave” policy, the company has decided to cancel the system for limiting the number of annual leave days.
In a statement regarding the same, a company spokesperson said, “Beginning January 16, 2023, Microsoft is updating our vacation policy to a more flexible model and moving to discretionary leave (DTO).”
“How, when and where employees do their jobs has changed dramatically and the DTO is compatible with more flexible ways of working,” the spokesperson said in a statement.
According to a report by the Verge, Microsoft Chief Personnel Officer Kathleen Hogan on Wednesday notified employees of the policy change via email.
In addition, Microsoft will offer employees 10 corporate holidays, leaves of absence, sick and mental leave, as well as time off for jury duty and bereavement.
Furthermore, employees with unused vacation balances will receive a one-time compensation for accrued leave.
Microsoft said the new DTO policy does not apply to hourly workers or those working outside the United States.
Currently, 122,000 people work in the company’s US office.
Catch all the business news, market news, breaking news events and the latest news updates on Live Mint. Download the Mint News app to get daily market updates.
More is less