Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC. Microsoft continues to beat expectations in its quarterly earnings; in its most recent report, the company grew its net income by 18% year over year, amounting to a total of $25.8 billion.

REDMOND, Wash. - Microsoft announced that it is, once again, firing thousands of workers – its second mass layoff in months.in another indication of the tightening job market at big technology companies. The tech giant began sending out layoff notices on Wednesday.

The reductions followed cuts of about 6,000 positions last quarter, and were indicative of a tightening job market at big technology companies.