Microsoft’s Industrial Metaverse Project Reached The Climax

  • Microsoft announced to lay off 10,000 staff, and the process has begun. 
  • Reportedly, 10,000 is just 4.5% of Microsoft’s total workforce. 

Microsoft, a leading tech- organization, stopped its metaverse-related project before it was completed. Microsoft’s strategy of laying off its staff members began showing its effects. 

Microsoft’s uncompleted project 

Microsoft’s (MSFT) industrial metaverse-based project came to an end just after four months when it began, according to the Information’s Thursday report. 

A person known to this matter concluded to the local news media that the tech organization had reduced 100 members of the team. The person said that the company believes in prioritizing shorter-term projects instead of giving attention to the projects that demand a long time duration to generate ordinary returns. 

This action is part of Microsoft’s mastermind plan to lay off 10,000 people, which is about 4.5% of its workforce, as per last month’s announcement. 

Microsoft created the industrial metaverse prime team in October to cooperate with several clients in healthcare, energy and retail financial services between other sectors to create software interfaces that can be used to operate metaverse-related projects. 

As a quick reminder, the metaverse is the platform where users can experience the existence of the virtual world as a replica of the real world. Metaverse is basically an imaginary and conceptual world where users can have a sense of smell and touch and can operate various activities such as social gatherings, shopping, gaming, dating and many more. 

According to the local news media, leading companies like Microsoft, Meta, formerly Facebook and many others show great interest in metaverse concepts and their development. None other than such giant cities are also encouraging metaverse concepts. For example, Dubai authorities and leaders have a long vision for their city and are watching their growth through metaverse concepts. 

In an email to local news media, Microsoft commented, “Microsoft remains committed to the industrial metaverse. We are applying our focus to the areas of the industrial metaverse that matter most to our customers, and they will see no change in how they are supported. We look forward to sharing additional information in the future.”

On January 11, 2023, Microsoft announced it lay off its 10,000 employees till March 31. However, certain tech companies like Amazon, Alphabet and Salesforce are the companies that laid off their staff recently. 

As Microsoft announced the layoff, the process began shortly and impacted several employees. Although such a giant tech company is laying off its employees, it has become a controversial topic on the internet. But according to Inc, 10,000 is just a very small number for Microsoft because, after thinking from Microsoft’s perspective, it’s just less than 5% of its total working force. Therefore not only Microsoft but other organizations are too willing to do the same.