'Microsoft Confirms Layoffs In Mixed Reality But Will Keep Selling Hololens 2 Headsets' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Microsoft has announced layoffs in its mixed reality division but will continue selling the HoloLens 2 headset. The company remains committed to the Department of Defense's IVAS program and will keep investing in the broader mixed reality hardware ecosystem. Despite the layoffs, Microsoft will support existing HoloLens 2 customers and partners.
June 03, 2024 | 7:52 pm
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Microsoft is laying off employees in its mixed reality division but will continue selling the HoloLens 2 headset. The company remains committed to the Department of Defense's IVAS program and broader mixed reality investments.
The layoffs in the mixed reality division could be seen as a cost-cutting measure, but the continued support for HoloLens 2 and the IVAS program indicates ongoing commitment to key projects. This mixed news is likely to have a neutral short-term impact on Microsoft's stock price.
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