Software company Microsoft surprisingly, customers Metaverse to help them use in industrial environments four months terminated the activities of a team he had previously established. All of the team’s nearly 100 employees were laid off.
Software Company Microsoft Ends Activities of Industrial Metaverse Team It Founded 4 Months Ago
Microsoft formed the Industrial Metaverse Core team in October to help build software interfaces for operating control systems behind power plants, industrial robots, and transportation networks.
The team, mainly made up of a group internally known as Project Bonsai, fell victim to Microsoft’s plan to cut 10,000 employees, or about 4.5% of its workforce, announced last month.
Metaverse is a virtual world that can be accessed and interacted with over the internet. In industrial settings, the idea of Metaverse has gained traction in recent years, with many companies looking to use it to increase efficiency and streamline operations.
The Industrial Metaverse Core team was created to help companies leverage this new and exciting technology, and its dissolution marks a setback for companies looking to implement Metaverse in their operations.
Microsoft’s move highlights the current economic climate in which many companies have to make difficult decisions to survive.
However, it is unclear what the future holds for Metaverse in industrial settings and how other companies will step up to fill the void left by the disbandment of the Industrial Metaverse Core team.
As a result, Microsoft’s decision to disband the Industrial Metaverse Core team after only four months of operation was met with surprise. In industrial settings, Metaverse was known to hold great promise and potential.
*Not investment advice.
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