Teams working on projects such as the Mixed Reality Tool Kit and Altspacevr will be cut.. The platform of the latter will be closed on March 10. Projects working on the creation of mixed reality tools and tools for creating APIs for the metaverse will also be closed.
Microsoft justifies upcoming layoffs by saying corporations need to align their cost structure with revenue and consumer demand.. At the same time, the main layoffs, according to the report, will affect precisely the metaverse and VR projects, as it is planned to continue to recruit employees to work in other key areas.
The changes will cost the company about $1.2 billion, which will be used to pay severance pay, purchase new equipment and related expenses.. The Corporation undertakes to provide medical insurance to departing employees within six months after the dismissal.
Previously, Microsoft management spoke positively about the technology of the metaverse, noting that it will play an important role in the development of the Internet and interaction between people.