Microsoft's Shanghai Wicresoft Co., Ltd. will lay off around 2000 employees due to geopolitical and international business changes. The company, founded in 2002, has over 12,000 workers from 74 countries. Wicresoft will expand its business in Europe and Asia, focusing on countries like Vietnam, Japan, and Hungary. The severance compensation plan is "N+1," with employees asked to sign the agreement and leave immediately. Microsoft recently shut down its IoT & AI Insider Lab in Shanghai due to increased geopolitical tensions.