Microsoft’s mixed reality dream meets harsh reality of job cuts
Microsoft in March will shut down its AltspaceVR outfit as it shifts its virtual reality efforts from catering to ordinary folks to businesses.as many as 10,000 employees – a five percent reduction in its global workforce – as the industry snaps back from the high pandemic spending levels and the world deals with incredible corporate greed and economic uncertainty.
"As we look to the future, we see the opportunity for VR expanding beyond consumer into business and now have an even greater goal: a more open, accessible, and secure version of immersive experiences in the metaverse," Redmond wrote in aannouncing the upcoming shutdown of AltspaceVR."To achieve that we have made the difficult decision to sunset the AltspaceVR platform on March 10, 2023, and shift our focus to support immersive experiences powered by Microsoft Mesh.
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