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

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.

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,

In the options pits, Microsoft stock has been popular with call traders. This is per its 50-day call/put volume ratio of 2.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE),

Microsoft is planning job cuts targeting underperforming employees. The reductions are happening across the company, including in its important security division.Microsoft Job Cuts: Why?Performance-based cuts are often backfilled by Microsoft,

Microsoft is planning to lay off underperforming employees, marking yet another round of firings, according to a Business Insider report. These job cuts are happening across all parts of the company,