Microsoft layoffs not performance-based, largely targeting middle managers

All right, welcome back. What you're seeing there is Microsoft, they're down about 1 half of 1%. News came out this morning that they are laying off roughly 9,000 employees.Now, while that cut is less than 4% of its global workforce, you have to put it in context with the other cuts it's made over the course of the past year, including the 6,000 that was announced back in May. And then when you compare it to the other tech layoffs this year, it is the largest workforce reduction yet. Our Steve Kovak is here ...