Redmond, Washington-based Microsoft Corporation (MSFT) is one the largest software companies in the world. It dominates the PC software market with more than 80% of the market share for operating systems and also provides various market leading business and productivity software.

Microsoft is reportedly laying off less than 1 percent of employees. Microsoft is reportedly laying off less than 1 percent of employees, putting the potential number of workers let go in the thousands.

Microsoft is planning to lay off underperforming employees, marking yet another round of firings, according to a Business Insider report. These job cuts are happening across all parts of the company,