As first reported by CNBC, Microsoft will be laying off 3 percent of its global workforce in an aim to streamline its operations and thin out its management structure. The layoffs will be felt across all teams,

Microsoft is reportedly laying off about 3% of its entire workforce. Multiple outlets, including CNBC and The Verge, reported the news May 13. USA TODAY has reached out to Microsoft for comment. According to Microsoft's website, the company employs about 228,000 workers around the world, including 126,000 in the United States as of June 2024.

The layoffs, which affect thousands of employees, come soon after the tech titan issued an optimistic financial forecast.