• Microsoft joint venture Wicresoft has halted its China-based projects with Microsoft, citing geopolitical and global business shifts.
• The move led to around 2,000 layoffs, primarily affecting employees at Wicresoft’s Shanghai office.
• Workers were informed via email that their assignments tied to Microsoft would be terminated.
• Wicresoft, founded in 2002 by Microsoft and Shanghai partners, is a business consulting firm based in Bellevue, Washington.
https://www.scmp.com/tech/big-tech/article/3305558/microsoft-joint-venture-wicresoft-halts-projects-china-lays-thousands-workers