04:03 PM EST, 01/08/2025 (MT Newswires) -- Microsoft ( MSFT ) is planning to reduce less than 1% of its 228,000 employees in the next few months, the Information reported Wednesday, citing sources familiar with the matter.

The layoffs will reportedly be based on employee performance and span multiple divisions.

Microsoft ( MSFT ) spokesperson reportedly said the company is committed to retaining high-performing talent, the media outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)