Microsoft will cut about 700 jobs in conjunction with its quarterly earnings release next week, according to a report this afternoon by Business Insider, citing an anonymous person familiar with the plan.

The latest layoffs are part of the company’s previously announced plan to cut about 2,850 roles globally during its current fiscal year, according to the Business Insider report. The company declined to comment this afternoon, but we understand the report to be accurate, based on our own sources.

Next week’s cuts will be spread across a variety of job functions inside the company. The company’s previous job cuts have come in areas including its smartphone business and global sales team. Microsoft announced its largest cuts in July 2014, eliminating 18,000 jobs, or 14 percent of the company at the time.

The tech giant, which employed 113,000 people as of September, prior to its acquisition of LinkedIn, continues to hire in many areas, even as it cuts some jobs. Microsoft reports quarterly earnings after the market closes next Thursday afternoon.