Microsoft has canceled the Industrial Metaverse project, and about 100 employees have been laid off

ChainCatcher news, according to sources cited by The Information, Microsoft has canceled its Industrial Metaverse project, and approximately 100 employees from the project have been laid off. Microsoft stated that it will currently prioritize projects that can generate revenue in the short term.

It is reported that the Industrial Metaverse was established 4 months ago as part of Microsoft's metaverse plan. The project helped build software interfaces for the control systems behind operating power plants, industrial robots, and transportation networks, aiming to leverage digital twins to enhance productivity and efficiency. (The Information)