Microsoft cuts HoloLens, Xbox, Surface jobs as industrial metaverse team said to fold

Facing macroeconomic uncertainty and slowing growth, Microsoft has confirmed that it is laying off employees working on its HoloLens, Surface laptop and Xbox products, as reports surface that it will be cutting 100 employees working for its industrial metaverse unit — essentially closing down that team.

The layoffs are part of a plan to lay off 10,00 workers announced by CEO Satya Nadella earlier this month.

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