Microsoft reportedly cuts up to 1% of company workforce
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Microsoft (NASDAQ:MSFT) reportedly recently cut a handful of jobs across the company as it prepares to deliver its fiscal fourth-quarter results later this month.
According to a report from CNBC, Microsoft (MSFT) trimmed just under 1% of its approximately 181,000-person workforce. The company historically makes such moves, and other corporate changes, around this time as its new fiscal year just started.

"Today we notified a small number of employees that their roles have been eliminated. This was a result of a strategic realignment." said a Microsoft spokesperson in a statement given to Seeking Alpha. "We continue to invest in certain areas and grow headcount in the year ahead."
Microsoft (MSFT) shares gave up more than 2% in afternoon trading Tuesday. Last month, the company rattled investors when it cut its fourth-quarter earnings and revenue forecasts due to the impact of foreign currency exchange rates.