Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,

Microsoft plans to make a new round of layoffs across the company, impacting employees whose performance has been deemed to fall short of its standards.

In the options pits, Microsoft stock has been popular with call traders. This is per its 50-day call/put volume ratio of 2.10 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE),

Microsoft said on Thursday that it is making a $1 million donation to the inauguration fund of President-elect Donald Trump. TakeAway Points: Microsoft has contributed $500,000 for President-elect Donald Trump’s first term and is now contributing $1 million to his inauguration fund.

Microsoft Corp., Alphabet Inc.’s Google, and Adobe Inc. are each donating $1 million to Donald Trump’s inauguration fund, joining the roster of technology companies shelling out to back the incoming US president’s festivities later this month.