Microsoft about to lay off thousands of their Employees

Microsoft confirmed the move in a statement noting it is "taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated."

"Like all companies, we evaluate our business on a regular basis," the spokesperson said. "This can result in increased investment in some places and, from time-to-time, re-deployment in others."

Last week, reports surfaced that Microsoft planned a reorganization to focus more on cloud sales.

The news came as its cloud businesses continue to perform well. Revenue from Azure, its key cloud-computing platform, soared 93% in its most recent quarter.