The Redmond, Wash.-based tech giant has laid off the entire team, The Information reported Thursday. Microsoft’s Industrial Metaverse Core was formed four months ago to create software that would help companies monitor machines and industrial environments. (The Information)

Talking point: The cuts are part of Microsoft’s previously announced plans to shed 10,000 employees. This comes as tech firms become more discerning about allocating capital and pull back on long-shot projects. Microsoft Canada’s head of communications, Lisa Gibson, told The Logic by email that while the company would not comment on specific staffing details, it remains committed to the industrial metaverse. “We are applying our focus to the areas of the industrial metaverse that matter most to our customers and they will see no change in how they are supported,” she said.