Microsoft Lays Off 60 In Israel

December 3, 2015 | Microsoft is discontinuing its development in Israel of the HoloLens, an augmented reality (AR) headset, and will move its R&D of the product to the US. Microsoft will let go of 30 employees in Israel and an additional 30 subcontractors. The Israeli team that developed the HoloLens technology came to the software giant from 3DV Systems, which was acquired by Elron Electronic Industries in 2009 for about $34 million.