Microsoft is closing down Skype, the video-calling service it bought for $8.5 billion in 2011, and will retire it in May. Skype’s services will shift to Microsoft Teams, allowing users to log into Teams with their existing Skype accounts. Microsoft has long prioritized Teams over Skype, aiming to streamline its communication app amid growing competition. Skype, founded in 2003 in Estonia, revolutionized online communication using VOIP technology and later added video calls. Its impact on virtual and remote work is significant, bringing people closer globally.