Surely no one could have seen it coming.

metacar

A series of layoffs and closures at the burgeoning Metaverse Industrial Complex is proving what many critics have said all along: that overinvestment would never be enough to bring life to the space poisoned by hype.

What Well-informed person The reports, recent VR-related layoffs, and division closures are indicative of a broader trend that nearly everyone saw coming all along: that the technology itself wasn’t advancing as fast as the billions of dollars of speculative investments, and that the whole house of electronic cards was doomed to collapse, especially in the face of economic headwinds.

What Bloomberg As reported last week, Microsoft’s layoff of a whopping 10,000 people included deep cuts in the company’s notorious…