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

The moves are part of a broader change in Microsoft's approach, which includes taking a harder look at low performers, sources told BI.

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,

Redmond claims cuts are performance based Microsoft kicks off the new year with more job cuts, as fewer than 1 percent of employees reportedly face the axe.… As first reported by Business Insider, Microsoft is trimming its workforce again,

The job cuts follow multiple rounds of layoffs within the company's gaming division last year. Microsoft Corp. (Nasdaq: MSFT) is planning a round of performance-based layoffs, the company confirmed to the Business Journal Wednesday.