Microsoft Scraps Metaverse Project, Lays Off 100 Employees

Big news in the tech world: Microsoft, an American multinational technology firm, has reportedly shelved its industrial metaverse ambitions, leading to significant layoffs. A source confirms that the project, once buzzing with potential, saw its 100-member unit disbanded, signaling a major shift in Microsoft's metaverse strategy.

Microsoft created quite the buzz for following its counterparts into the metaverse space, exploring potential applications across various industries. However, the company seems to have re-evaluated its investment and direction, ultimately dashed hopes of metaverse’s utility in industrial projects.

The decision to disband the team and implement the layoffs highlights the challenges and uncertainties surrounding the metaverse's widespread adoption and profitability, especially in industrial settings. A total of 100 members were working on the Microsoft Metaverse project. All of them were reportedly let go. This closure raises questions about the future of Microsoft's broader metaverse involvement and whether other tech giants might follow suit in reassessing their investments.

Stay tuned for further updates as we delve deeper into the reasons behind this decision and its implications for the metaverse landscape.