In the options pits, Microsoft stock has been popular with call traders. This is per its 50-day call/put volume ratio of 2.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE),

Microsoft Corp. (Nasdaq: MSFT) is planning a round of performance-based layoffs, the company confirmed to the Business Journal Wednesday. A spokesperson for the Redmond-based tech giant declined to disclose how many people will be affected or to what extent the layoffs will impact its Puget Sound-region workforce.

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.

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

Microsoft India President confirms no layoffs planned, highlighting company's investment in India's AI innovation and job creation.

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

Microsoft is reportedly planning to initiate performance-based job cuts across multiple departments. The news was first reported in Business Insider and later corroborated by CNBC. According to CNBC,

The moves are part of a broader change in Microsoft's approach, which includes taking a harder look at low performers, sources told BI.