Microsoft layoffs reportedly hit key VR and Metaverse teams – Metaverse Bitcoin News

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The latest round of layoffs at Microsoft, which announced the cut of 10,000 jobs this year, hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will shut down two projects in these areas, Altspacevr and the Mixed Reality Toolkit, potentially affecting Microsoft’s progress in these areas.

Microsoft VR and Metaverse teams affected by layoffs

The latest round of layoffs announced by Microsoft on Jan. 18 would have hit the company’s metaverse and VR (virtual reality) initiatives, potentially affecting progress in those areas. Of the 10,000 jobs to be cut this year, representing 5% of Microsoft’s global workforce, the teams behind initiatives like Altspacevr and the Mixed Reality Tool Kit are being cut as part of this reorganization process.

Altspacevr, which was acquired by Microsoft in 2017, has already announced that it will be ending its platform on March 10. The platform, which aimed to provide services to facilitate the creation of virtual environments for events with the participation of artists, creators, brands, and businesses, will migrate to Mesh, a more work-oriented platform that integrates with Microsoft Teams.

The Mixed Reality Tool Kit, an open-source set of tools for creating user interfaces for the metaverse, will also ostensibly be discontinued, as no new team dedicated to its development has been announced at the time of writing.

Metaverse and Virtual Reality Slowdown

While the company has justified the layoffs as a move to bring its cost structure in line with revenue and customer demand, some believe these localized layoffs in the metaverse and VR space signal the slowdown in the industry’s progress. business in this area.

The reported layoffs at Microsoft primarily affect initiatives focused on the consumer metaverse, following the course Meta took by laying off 13% of its workforce, cutting 11,000 jobs.

However, Microsoft’s top brass believe in the Metaverse and other disruptive technologies, and the advancements they will bring in the future. Recently, Satya Nadella, CEO of the company, said the sense of presence that metaverse technology can bring is a game-changer.

Microsoft is also involved in the creation of the Global Collaboration Village, the metaverse world of the World Economic Forum (WEF) and has shown interest in investing in AI (artificial intelligence) projects such as Openai, creators of AI bot Chatgpt .

What are your thoughts on the layoffs affecting the Metaverse and VR-focused teams at Microsoft? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, entering the cryptosphere when the price spike happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at the social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

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