Microsoft will lay off 9,000 employees, or less than 4% of the company

Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC.

Microsoft continues to beat expectations in its quarterly earnings; in its most recent report, the company grew its net income by 18% year over year, amounting to a total of $25.8 billion.

However, the company has continued to reduce its headcount — this is one of many rounds of layoffs to have already occurred this year.