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

The job cuts follow multiple rounds of layoffs within the company's gaming division last year. Microsoft Corp. (Nasdaq: MSFT) is planning a round of performance-based layoffs, the company confirmed to the Business Journal Wednesday.

Microsoft has announced that it will be reducing its workforce by a small percentage, affecting less than 1% of its employees across various departments. The company confirmed these performance-based job cuts in an email to CNBC,

According to reports, Microsoft is set to implement job cuts focused on underperformers, affecting several departments. The company is reportedly committed to retaining high performers and replacing vacated roles,

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,