Microsoft layoffs hit HoloLens, Azure cloud teams

The tech industry is in such a sorry state. Rather than having talented people work across a variety of companies, the biggest ones like Microsoft and Google lure them in with salaries and benefits no one else can compete with, or acquire their companies for cheap before they can make any waves in a market segment they might be interested in at some point - way overhiring and pumping their stock prices, putting the talent on a bunch of projects they have no commitment to and won't go anywhere, only to lay everyone off when they need to squeeze more blood from the infinite-YoY-earnings-growth, line-must-go-up stone.

And the government still isn't stepping in to stop the endless anti-competitive acquisitions. They just bought Activision Blizzard even though everyone knows it's just because they might make a successful game that will have a PlayStation port, so those users won't have need to buy an Xbox or Windows gaming PC to play it. And of course after winning their anti-trust trial they immediately laid off a thousands employees.

I'm surprised Microsoft still had people working in Mixed Reality. That department had massive layoffs last year.