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Microsoft employees jump ship for Meta as metaverse talent hunt intensifies

According to a report by the Wall Street Journal (WSJ), Microsoft (NASDAQ:MSFT) has lost about 100 employees to Meta’s metaverse efforts. As the race to enjoy the first-mover...
Microsoft employees jump ship for Meta as metaverse talent hunt intensifies Microsoft employees jump ship for Meta as metaverse talent hunt intensifies

According to a report by the Wall Street Journal (WSJ), Microsoft (NASDAQ:MSFT) has lost about 100 employees to Meta’s metaverse efforts.

As the race to enjoy the first-mover advantage in the metaverse intensifies, big tech firms are scrambling for skilled employees to fill up growing positions. Microsoft may have been the worst hit as the WSJ reports that its augmented reality (AR) division has lost nearly 100 employees to Meta.

Recall that Meta Platforms openly announced its metaverse plans when it changed its name from Facebook (NASDAQ:FB) in October 2021. The company has been particular about recruiting individuals who had worked on Microsoft’s HoloLens AR headsets. The WSJ pointed out that more than 70 former employees the worked on the product left Microsoft within the past year. Furthermore, over 40 of them have now taken up new positions at Meta.

Meta appears to have lured the new talents with higher salaries. Apple (NASDAQ:AAPL) is also towing a similar path in a bid to retain its workforce. Bloomberg reported last year that Apple was incentivizing its engineering workforce through bonuses and stock options ranging from $50,000 to $180,000.

On its part, Microsoft has launched a metaverse studio called Vortex. Several job vacancies have been posted for the new studio. An excerpt from the senior designer opening describes Vortex as “a newly founded studio within the Microsoft Mixed Reality group exploring product frontiers that bring together collaborative science, missions to benefit our planet, and entertainment all while pushing the forefront of technology.”

Despite all the action, the sector is still in its infancy. The coming decade will truly define how the VR/AR industries evolve.

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29-01-2022 05:55:44 (UTC+7)

EUR/USD

1.1150

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

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EUR/USD

1.1150

+0.0007 (+0.06%)

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GBP/USD

1.3408

+0.0023 (+0.17%)

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↑ Buy

Moving Avg:

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Buy (7)

Sell (1)

USD/JPY

115.22

-0.12 (-0.10%)

Summary

Neutral

Moving Avg:

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AUD/USD

0.6990

-0.0041 (-0.58%)

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Sell

Moving Avg:

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USD/CAD

1.2764

+0.0024 (+0.18%)

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EUR/JPY

128.46

-0.06 (-0.05%)

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EUR/CHF

1.0381

+0.0013 (+0.12%)

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Gold Futures

1,790.10

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Silver Futures

22.485

-0.191 (-0.84%)

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Copper Futures

4.3297

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Crude Oil WTI Futures

87.31

+0.70 (+0.81%)

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Brent Oil Futures

89.00

+0.83 (+0.94%)

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Natural Gas Futures

4.667

+0.384 (+8.97%)

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US Coffee C Futures

235.85

+3.80 (+1.64%)

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Euro Stoxx 50

4,136.91

-48.06 (-1.15%)

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↑ Buy

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S&P 500

4,431.85

+105.34 (+2.43%)

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DAX

15,318.95

-205.32 (-1.32%)

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FTSE 100

7,466.07

-88.24 (-1.17%)

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Neutral

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Hang Seng

23,550.08

-256.92 (-1.08%)

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↑ Buy

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US Small Cap 2000

1,955.70

+24.41 (+1.26%)

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↑ Buy

Moving Avg:

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IBEX 35

8,609.80

-96.20 (-1.10%)

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BASF SE NA O.N.

68.510

+0.060 (+0.09%)

Summary

↑ Buy

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Bayer AG NA

52.83

+0.25 (+0.48%)

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↑ Buy

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Allianz SE VNA O.N.

227.80

-0.90 (-0.39%)

Summary

↑ Buy

Moving Avg:

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Adidas AG

236.15

-6.00 (-2.48%)

Summary

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Buy (11)

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Deutsche Lufthansa AG

6.791

-0.254 (-3.61%)

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Siemens AG Class N

138.34

-2.16 (-1.54%)

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Deutsche Bank AG

11.912

-0.008 (-0.07%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

Sell (0)

 EUR/USD1.1150↑ Sell
 GBP/USD1.3408↑ Buy
 USD/JPY115.22Neutral
 AUD/USD0.6990Sell
 USD/CAD1.2764Sell
 EUR/JPY128.46Sell
 EUR/CHF1.0381↑ Sell
 Gold1,790.10Buy
 Silver22.485↑ Buy
 Copper4.3297↑ Sell
 Crude Oil WTI87.31Buy
 Brent Oil89.00Buy
 Natural Gas4.667↑ Sell
 US Coffee C235.85↑ Sell
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,431.85↑ Buy
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,955.70↑ Buy
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,230
(0/ 0) # 1,327
SJC HCM6,180/ 6,250
(0/ 0) # 1,333
SJC Hanoi6,180/ 6,252
(0/ 0) # 1,335
SJC Danang6,180/ 6,252
(0/ 0) # 1,335
SJC Nhatrang6,180/ 6,252
(0/ 0) # 1,335
SJC Cantho6,180/ 6,252
(0/ 0) # 1,335
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