Microsoft may cut engineering jobs and could unveil the layoffs tomorrow
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Microsoft (NASDAQ:MSFT) is on the verge of laying off jobs in engineering divisions and could let go a "significantly larger" number of employees than in past cuts.
The Redmond, Washington-based Microsoft (MSFT) may make the layoff announcement as soon as tomorrow, Bloomberg reported, citing a person familiar with the matter.

Separately on Tuesday, Sky News reported Microsoft (MSFT) was planning to cut thousands of jobs, a move that could impact perhaps as much as 5% of its workforce. Microsoft (MSFT) employs more than 220,000 workers globally.
In October, Microsoft (MSFT) laid off roughly 1,000 employees across several area of its business, including some in its Xbox division.
Microsoft (MSFT) did not immediately respond to a request for comment from Seeking Alpha.
The Satya Nadella-led Microsoft (MSFT) is slated to report fiscal second-quarter results on January 24. A consensus of analysts estimate expect Microsoft to earn $2.34 per share on $53.19B in revenue.
Separately on Tuesday, Guggenheim analyst John DiFucci downgraded his rating on Microsoft (MSFT) to sell.