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Microsoft (NASDAQ:MSFT) plans to reduce its global workforce by about 9,000 employees in its latest round of layoffs this year, according to various reports.
The reductions come as Microsoft enters its new fiscal year, which is typically when the Redmond-based company reorganizes its staff. The layoffs are expected to affect less than 4% of its workforce across various teams, regions and levels of experience, according to CNBC, which cited someone familiar with the matter.
Microsoft notified employees in its gaming division today that its Barcelona-based King division, which makes Candy Crush, is cutting 10% of its staff, or about 200 jobs.
In May, it was reported that Microsoft planned to reduce its global workforce by 3%.
“We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” said a Microsoft spokesperson to Seeking Alpha at the time.
The company has attempted to increase its agility by reducing layers with fewer managers. The changes are also expected to increase efficiency and minimize redundancy.
Microsoft’s latest financial result showed the company’s revenue is booming. Revenue from the closely monitored Azure segment surged 33% year over year, or 35% in constant currency, easily surpassing the street estimate of 31%.