Microsoft (MSFT) is laying off about 3% of its workforce, its largest headcount cut in more than two years.

The layoffs have not been formally announced via press release or SEC filing but were first reported on Tuesday. A Microsoft spokesperson confirmed to CNBC that it’s laying off about 3% of its global workforce.

With around 228,000 employees worldwide, the move will impact nearly 7,000 people — making it the company’s largest round of layoffs since it cut 10,000 roles in early 2023.

Microsoft framed the move as part of “organizational changes necessary to best position the company for success in a dynamic marketplace.” (What, not “vibrant” or “robust”?)

Unlike a smaller round of performance-based cuts in January, these layoffs are not tied to individual performance. A Microsoft spokesperson said the company is working to reduce layers of management and adjust its structure amid ongoing platform shifts.