MICROSOFT PAUSES INDUSTRIAL METAVERSE PROJECTMicrosoft is pausing its industrial Metaverse project amid tightening economic conditions to focus on short-term revenue-generating ventures. As a result, all 100 employees who were working on this project have been let go.
People with knowledge of the matter say that the tech giant has grown frustrated by the amount of investment required before its industrial Metaverse project starts generating revenue. It wasn’t ideal for a company that has already let go of over 10,000 employees since the start of the year. Microsoft are trying to cut costs and stay lean during these times of economic hardship.
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