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 is laying off "a small percentage of its workforce," as the tech sector continues to endure a turbulent period.

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),

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. CNBC cited a person familiar with the matter and reported Microsoft had confirmed the cuts. Microsoft didn’t immediately respond to a request for comment early on Thursday.

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,