Microsoft Corp. on Monday announced a plan to lay off around 2,000 employees worldwide as it works to cut costs and improve its technology performance.
The company said it expects the workforce reduction to be completed by the end of the year, and the layoffs will be temporary.
Microsoft said the layoffs are not related to the sweeping software updates it launched last week, which included a major security bug fix and new cloud-based services.
Microsoft Chief Financial Officer Julie Larson-Green said in a statement that the company is looking to improve its performance, and that Microsoft is “continuing to pursue our long-term business goals, including delivering value to customers, enhancing its business in the emerging and evolving cloud computing industry and building the next generation of connected devices.”
Microsoft has said it is working to improve the reliability of its cloud computing services, and to reduce the amount of data that users have to transfer.
Microsoft said it would spend about $1.5 billion in 2016 to address the security of its devices and cloud computing infrastructure, but it is still unsure how much of that will be spent on the cloud.
Microsoft is one of the biggest software companies in the world, and its products power some of the most important personal computers, smartphones, tablets, and home entertainment systems.
Microsoft had about 3.4 million employees as of March 31, and has about $6.5 trillion in cash and marketable securities.