IT Sector Continues retrenment, Microsoft Lays of more than 1,000 Workers

For the past few months, a large number of workers have been trimmed in the information technology sector. Microsoft, one of the big IT companies, has excluded more than 1,000 workers from its mixed reality unit. This unit is associated with Hololens 2 Opened Reality Headset.

One of the information Report It has been reported that Microsoft’s cloud software and service rental business has also been trimmed. A Microsoft spokesperson confirmed the sorting in the mixed reality unit. He said that this retrenchment will not affect the Hololens 2 and other programs related to the agent reality. For the past few months, Microsoft has reduced its investment in a mixed reality. However, the company has said that it is committed to Hololens.

Earlier, Microsoft had decided to trim about 1,900 workers from his gaming division. These included Activation Blizzard and Xbox workers. About eight percent of the staff were excluded from its gaming division. Most of these are in Activision Blizzard. Microsoft bought Activation Blizzard for about $ 69 billion to strengthen its position in the video gaming market. In this market, Japan’s consumer electronics company Sony is the first place.

Earlier, many big technology companies, including Alphabet, who run internet search engine Google, had trimmed thousands of workers. Earlier this year, Microsoft’s market capitalization was more than Apple making iPhone for the first time in two years. The company’s market capitation had exceeded three million million dollars. This made it the world’s highest value company. However, after this Apple re -achieved its top position. Microsoft’s share price increased by about 57 percent last year in the generative artificial intelligence by taking a big step through investment in Chatgpt maker Openai. Many IT companies are investing in artificial intelligence. Accenture has planned to invest $ 3 billion in data and artificial intelligence vertical. The company will double the number of employees in this verticil.