Microsoft to lay off thousands to streamline management: Report

In January, Microsoft let go of 2,000 underperforming employees without severance. The retrenchment had also affected staff in the gaming and sales divisions. The recent layoffs are not on the grounds of performance, though.

A company spokesperson told CNBC that the fresh layoffs, meant “to reduce layers of management”, will affect 3% of its workforce. Microsoft had a headcount of 228,000 as of last…