The tech giant intends to reduce organizational layers by having fewer managers and streamlining its products, procedures and roles, Microsoft said Wednesday.

Microsoft confirmed on Wednesday its plan to lay off approximately 9,000 employees, a move impacting less than 4% of its global workforce. These reductions will span various teams, geographical locations,

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.