Microsoft likely to cut about 1,000 jobs

Microsoft Corporation, a multinational technology company, is likely to cut around 1,000 jobs in a new round of layoffs, as reported by CNBC on Thursday.

The company had in a statement in July said that they were planning to cut 7,800 jobs or nearly seven percent of its workforce.

Microsoft had yesterday reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by heavy demand for its cloud products.