Microsoft ( MSFT, Financial) is set for another round of layoffs, and sources say these will include underperformers in performance-based cuts. Business Insider reports that security will be impacted,

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

Microsoft plans to make a new round of layoffs across the company, impacting employees whose performance has been deemed to fall short of its standards.

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,

In the options pits, Microsoft stock has been popular with call traders. This is per its 50-day call/put volume ratio of 2.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE),

Microsoft is planning job cuts targeting underperforming employees. The reductions are happening across the company, including in its important security division.Microsoft Job Cuts: Why?Performance-based cuts are often backfilled by Microsoft,