Microsoft reportedly laid off approximately 1,000 employees

Today, Microsoft reported its earnings for Q1 2016. The company reported a revenue of $21.55 billion and earnings per share of $0.67. The software giant beat analysts' expectations as analysts expected the company to earn $21.03 billion in revenue and earnings per share of $0.59.

Now, according to a new report from Re/Code, Microsoft has reportedly laid off approximately 1000 employees across various business areas. A Microsoft spokesperson stated:

"The job reductions were spread across more than one business area and country and reflect adaptations to business needs"

It is worth noting that the company laid off more than 7,000 employees earlier this year, which were mostly focused on the software giant's phone business. While it's unclear if the latest layoffs are related to the company's Windows Phone business, we won't be surprised if the company cuts more jobs in its Windows Phone business in the near future.

Source: Microsoft reportedly laid off approximately 1,000 employees