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

Microsoft is cutting less than 1% of its workforce across departments based on employee performance, according to a spokesperson. The company had 228,000 employees as of June. Microsoft’s stock rose 12% last year,

Microsoft is reportedly planning to initiate performance-based job cuts across multiple departments. The news was first reported in Business Insider and later corroborated by CNBC. According to CNBC,