Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

Microsoft has around 228,000 full-time employees as of June 2024. The reported cuts come after the tech giant laid off 10,000 employees in early 2023. It also laid off 1,900 Activision Blizzard and Xbox employees in early 2024, which was followed by around 650 more cuts in its gaming division in September, The Verge reported .

Microsoft has announced new performance-based layoffs affecting less than 1% of its global workforce of 228,000 employees. The company’s focus on “high-performance talent” drives these actions, which span multiple departments,

Microsoft is reportedly planning to initiate performance-based job cuts across multiple departments. The news was first reported in Business Insider and later corroborated by CNBC. According to CNBC,

Microsoft trims less than 1% of its workforce as stock underperforms and AI challenges rise. The "underwhelming" Copilot rollout also worsens it.

Microsoft plans to lay off underperforming employees in 2025, impacting less than 1% of its workforce, while continuing to emphasize efficiency and AI skilling initiatives in India.

Microsoft has announced performance-based job cuts across its departments, including its security division. The job cuts will affect less than 1% of its workforce.

Microsoft's restructuring plans began in 2023 with 10,000 layoffs, followed by 1,900 more in its gaming unit after the $75.4 billion Activision Blizzard acquisition

Microsoft reported to be laying off nearly 1% of its headcount Share prices haven’t risen as much as key rivals Financial performance is still strong at Microsoft The technology industry is still grappling with ongoing financial challenges leading to widespread job losses,