Microsoft plans to make a new round of layoffs across the company, impacting employees whose performance has been deemed to fall short of its standards.

Microsoft employs hundreds of thousands of people globally and has implemented multiple rounds of major layoffs over the years.

Microsoft’s lates round of layoffs is part of the company’s updated performance management strategy, aligning with similar actions by other tech giants. The cuts are expected to be widespread, impacting several departments,

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. CNBC cited a person familiar with the matter and reported Microsoft had confirmed the cuts. Microsoft didn’t immediately respond to a request for comment early on Thursday.

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,

Microsoft is cutting less than 1% of its workforce across departments based on employee performance, according to a spokesperson. The company had 228,000 employees as of June. Microsoft’s stock rose 12% last year,