Microsoft has confirmed another round of massive layoffs. The company told CNBC that it’s laying off 7,000 people, or about 3% of its workforce. The company employed 228,000 people as of June 2024.

The layoffs impact workers “across all levels, teams, and geographies,” CNBC reported. A spokesperson for Microsoft said the layoffs were necessary “to best position the company for success in a dynamic marketplace.”

Microsoft is making this move just after announcing that it made $70 billion in revenue and $25.8 billion in profit for the past three months alone.

In 2023, Microsoft cut 10,000 jobs, with Xbox and Bethesda workers impacted. In 2024, Microsoft closed several gaming studios, including Tango Gameworks, and laid off staff in another round of job losses. After Microsoft’s deal to buy Activision Blizzard was completed, it laid off around 1,900 staff. In September 2024, Microsoft cut a further 650 people from the Xbox team.

Microsoft Gaming CEO Phil Spencer said the company needed to cut staff because of capitalism and his mandate to “run a sustainable business.” Xbox president Sarah Bond gave an answer many were not pleased with as well regarding the job cuts.

The Xbox division is cutting jobs amid growing gaming revenue.