Will Microsoft drop out of the metaverse? All you need to know
With the new year, the season of massive layoffs has continued from last year. Moreover, a report by Windows Central suggests that Microsoft has also fired the team behind MTRK- Mixed Reality Tool Kit- theplatform which was opened for AR and VR integrations. In the blog post, Microsoft said, “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.” Microsoft informed in the blog post that Microsoft Mesh is the division which will look after AR, VR and mixed reality. The software giant is heading into its second fiscal quarter earnings report on Tuesday facing a slumping PC market, a slowing corporate software market and even unclear demand for its once-hot cloud computing services. Microsoft’s dim forecast three months ago gave investors an early heads-up, and its plan to join other big techs in a recent layoff wave seemed to drive the point home further.
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