May 13 (UPI) -- Microsoft said Tuesday that nearly 3% of its workforce is being cut as other tech giants have recently acted similarly. "We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace," a Microsoft spokesperson said in a statement to CNBC and GeekWire . Microsoft reported better-than-expected financial returns last month with more than $25 billion in quarterly net income. As of June 2024, Microsoft had 228,000 reported