Microsoft is laying off thousands of employees, its third round of cuts in recent months, the company confirmed on Wednesday.

The reductions followed cuts of about 6,000 positions last quarter, and were indicative of a tightening job market at big technology companies.

Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC. Microsoft continues to beat expectations in its quarterly earnings; in its most recent report, the company grew its net income by 18% year over year, amounting to a total of $25.8 billion.