A better Together Mode with content view is rolling out

There is a new layout for Together mode and content share rolling out to tenants. With the new layout, Together mode will be displayed under the shared content, allowing users to see both the participants in Together mode and the shared content simultaneously. The new Together mode will support raised hands, reactions, and name labels.

The new layout is available for Mac and desktop users worldwide (standard multi-tenant), GCC, GCC High, and DoD cloud instances. 

This announcement is related to Microsoft 365 Roadmap ID 181615. And according to the message center, it should be rolling out late January and early February.