Microsoft is preparing to announce job cuts tomorrow. Sky News reports that thousands of roles will be cut, with the software giant said to be looking at cutting around 5 percent of its workforce. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs.

While Sky News doesn’t name an exact date for the expected cuts, a source familiar with Microsoft’s plans tells The Verge that the company will likely announce layoffs on Wednesday, ahead of its quarterly earnings next week.

Bloomberg is also reporting that a number of layoffs will be announced in Mic