Microsoft Pulls the Plug on Industrial Metaverse Team – Here's What Happened

Microsoft has discontinued its Industrial Metaverse Core team, a four-month-old project aimed to encourage the use of the metaverse in industrial environments. According to a Thursday report by The Information, the tech giant has also laid off employees working on the project, which amounts to about 100 people. The company wants to prioritize shorter-term projects over those needing longer to generate meaningful revenue, the report said, citing a person familiar with the matter. ... Read More: Microsoft Pulls the Plug on Industrial Metaverse Team – Here's What Happened