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Microsoft advances plan to lay off 10,000 employees: involving HoloLens, Surface and Xbox departments

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According to Bloomberg reports, people familiar with the matter revealed that Microsoft this week in Surface devices, HoloLens mixed reality hardware and Xbox and other departments layoffs, the implementation of last month announced plans to lay off 10,000 people.

The massive layoffs on the HoloLens hardware team have cast doubt on whether the company will ever make third-generation smart glasses, people familiar with the matter said. Additionally, within the Xbox gaming division, layoffs are being made across the marketing and Xbox gaming ecosystem teams.

Microsoft declined to comment but said it remains committed to the mixed reality space and the current HoloLens 2 release.

On January 19, Microsoft announced that it would lay off 10,000 employees by the end of the third quarter of fiscal year 2023. Microsoft Chief Financial Officer Amy Hood said in a financial report conference call on January 25 that Microsoft’s year-on-year growth in the number of employees in the fourth quarter of 2022 will be relatively slow. Synergy.

The financial report shows that in the second quarter of the fiscal year 2023 ending December 31, 2022 (Microsoft’s fiscal year starts in July each year), Microsoft’s revenue in the second quarter was US$52.7 billion (currently about 358.887 billion RMB), a year-on-year increase of 2. %; net profit of 16.4 billion US dollars (currently about 111.684 billion RMB), a year-on-year decrease of 12%.

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