Chinese giant Tencent abandons plans for virtual reality hardware; understand

After Microsoft announcing the shutdown of the company's virtual reality arm, now it was the turn of the Chinese Tencent to reduce the size of the division focusing on the metaverse. The company, owner of Epic Games, SuperCell and League of Legends, claims cost reduction and a troubled economic forecast as the main factor for the pause with metaverse plans.

The virtual reality center is the most affected by the layoffs Microsoft

This week the news that technology giants are laying off thousands of people scared the world. With the Microsoft It's no different, the North American company plans to close 10 jobs, according to the Securities And Exchange Commission (SEC). However, in addition to the mass layoffs, the fact that the majority of those fired were from the company's virtual reality core shocks metaverse enthusiasts.

Last year, Tencent hired professionals to develop extended reality tools

In June 2022, the company had established an extended reality (XR) development unit to create software and hardware focused on VR. At the time, 300 employees were hired for the division. However, due to difficulties in generating profit and the high demand for investment in technology, the largest video game producer in the world decided to backtrack. 

According to internal Tencent sources heard by Reuters, the XR project would not be profitable until 2027. For the history of humanity, a very short time, but for the voracious technological scenario, an era. Taking into account the difficult times facing the technology industry, resulting in a series of layoffs.

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Samsung enters the fight for the virtual reality market

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