01:56 PM EDT, 05/13/2025 (MT Newswires) -- (Updates with Microsoft's ( MSFT ) response in the fourth and fifth paragraphs.)

Microsoft ( MSFT ) will reduce its headcount across all levels, teams and geographies by 3%, CNBC reported Tuesday.

The layoffs are not performance related and are aimed at reducing layers of management, the report quoted a company spokesperson as saying.

The company had a global workforce of 228,000 employees as of last June, the report said.

A Microsoft ( MSFT ) spokesperson told MT Newswires that the company is cutting certain jobs to minimize redundancy by streamlining processes, procedures and roles.

"Even in the best of times, we have regularly adjusted our workforce to meet the strategic demands of the business," the spokesperson said.

(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.)

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