Microsoft is reportedly planning to cut thousands of jobs imminently.
According to Sky News, the latest round of layoffs at the US technology giant could see it axe roughly 5% of its 220,000-person workforce, which would equate to some 11,000 jobs.
Bloomberg is also reporting that Microsoft intends to cut jobs in a number of engineering divisions on Wednesday.
Microsoft has confirmed plans to lay off approximately 10,000 employees.
While the scale of the cuts is unclear, a source said to be familiar with Microsoft’s plans told the publication that the number of layoffs would be significantly greater than other rounds made by the company over the past year.
The company is planning to report its second quarter earnings on January 24.
The company has said it plans to reveal new details on games like Forza Motorsport, Redfall and Minecraft Legends, as well as launch dates for the titles, during the ‘Developer Direct’ event on January 25.