Thursday, April 23, 2020

Magic Leap Cuts Half of Jobs In Major Restructuring

The sad part about this is that, after blowing through billions of dollars in investors money, so many people are being laid off.

About 1,000 employees will be affected, the people added. The company is planning to wind down its consumer business and will instead focus on its enterprise products, the people said, asking not to be identified because the matter is private.