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. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,

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

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.

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,