Microsoft is expected to conduct another round of layoffs next week when the company reports its quarterly earnings on January 26. About 700 jobs are expected to be impacted, according to someone familiar with the matter.

That is not a huge number compared to Microsoft’s workforce of about 113,000 people, but we understand nerves have been running high inside of Microsoft as employees hear rumours that hundreds of jobs will be cut.

 

This layoff is part of the previously announced plan to cut 2,850 roles announced in June in Microsoft’s annual report. At that time, Microsoft said that it planned to complete those cuts by June 2017, which is the end of Microsoft’s 2017 fiscal year.