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Date Posted: 16:44:16 1/24/23 Tue
Author: Jasper
Subject: Headline, Microsoft Lays Off All Its VR, Mixed Reality, and HoloLens Employees: Report

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A new Securities and Exchange Commission (SEC) filing revealed last week that Microsoft intends to lay off 10,000 employees as it reconsiders its plans for the near future. “On Jan. 18, 2023, Microsoft Corporation announced to its employees a series of actions it is taking in response to macroeconomic conditions and changing customer priorities,” the filing reads. “These actions include workforce reductions of approximately 10,000 employees by the end of the third fiscal quarter of 2023, changes to our hardware portfolio, and lease consolidation to create higher density across our workspaces.”

These cutbacks have already begun. On Friday, AltspaceVR—a virtual reality company Microsoft acquired back in 2017—tweeted that it would shut down on March 10. Microsoft had dumped the entire team. Microsoft additionally laid off its “Mixed Reality Tool Kit” (MRTK) group, which was responsible for the company’s open-source mixed reality framework for Unity. MRTK was due for a new version release next month; instead, it’s being put to rest.

https://www.extremetech.com/electronics/342480-microsoft-lays-off-all-of-its-vr-mixed-reality-and-hololens-employees

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