This daily money newsletter highlights Aldi's Thanksgiving dinner for 10 at under $39, about $4 per person, including a turkey, stuffing, sweet potatoes and pumpkin pie ingredients. It reports that Microsoft is offering buyouts to roughly a quarter of its workforce, about 60,000 employees, through a 'Voluntary Exit Offer' announced by Chief People Officer Amy Coleman in a staff memo, aiming to cut costs without another round of involuntary cuts. Other items cover where financial planners say to save next after maxing out a 401(k) and a set of trending money articles.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Aldi’s Thanksgiving Deal, Microsoft’s Buyout Offer and More of Today’s Top Money News
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Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/23/2026 | 524.51 |
| Change that session | +0.66% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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The Federal Reserve's 2025 Survey of Consumer Finances, released on 9 October 2026, found that a record 37% of US families lacked a good idea of their income for the following year, up since the 2019 survey. Even so, the share of families reporting unusually high or low income fell from 28% in 2022 to 23% in 2025, and real median family income rose 7% from 2021 to 2024, to $82,200. Over the same period, the unemployment rate rose from 3.7% to 4.2%, and the share of families with overdue loan payments climbed from about 12% to almost 20%. Meanwhile, the University of Michigan's preliminary consumer sentiment index fell to 46.3 in October 2026, and the report does not establish why families became more uncertain or whether they were unemployed or facing income losses.
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- This WA man gave Microsoft 31 years — then was fired. Now 60K former colleagues are being offered a choice he never got
Mike Kostersitz, a former Microsoft product manager, was laid off suddenly last year after 31 years at the company, along with 120 other employees, as part of a companywide push to reduce management layers and streamline processes. Microsoft is now offering voluntary buyouts for the second time this year to roughly 60,000 employees in select departments and seniority levels, with severance packages based on individual standing, to reconfigure its workforce to better support AI initiatives. The article notes that many U.S. workers have no such choice and are simply forced out. Amazon cut 14,000 jobs in October 2025, cut additional jobs in May, and plans to cut 16,000 roles in total, while Meta has eliminated hundreds of roles this year. The tech industry has announced over 195,000 job cuts in 2026, though U.S. unemployment remains relatively low and has slightly decreased since the start of the year.
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- Why Tech Giants Keep Laying Off Staff
On October 26, Microsoft said it is offering about 60,000 employees voluntary departure packages with severance, equal to more than 25% of its global workforce, as it seeks to cut costs and redirect funds to AI investment. Other companies have made big cuts this year, including Meta's 10% reduction (about 8,000 people) and Block's 40% cut (over 4,000 employees), and Layoffs.fyi counts more than 135,000 tech job cuts so far. The article says companies are prioritizing spending on AI chips and data centers and believe they can operate with fewer staff, although some reductions mainly correct earlier over-hiring. However, analysts warn that mass layoffs can hurt morale and push talented workers to leave, while humans are still needed to design business models, serve customers and ensure AI tools are used safely. The layoffs also reinforce fears that AI will destroy jobs, which could fuel opposition to data centers and the technology itself.
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- Why Micron Technology Stock Rallied Today
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