Blended truth business Magic Leap is reportedly laying off around 1,000 employees and deserting its focus on customer headsets. Bloomberg reported the news earlier today, pointing out confidential sources, and Magic Leap verified an unstated number of layoffs were taking place on its site
Bloomberg writes that in addition to laying off what amounts to half its labor force, the company will wind down its consumer-focused business, which included video games and entertainment apps. It will focus on enterprise uses, potentially consisting of a partnership with a large unnamed health care business.
This accelerates a transition Magic Leap– which has actually received more than $2 billion in financing because 2010– was currently making. The company modified its headset name last year to appeal more to service customers, and given that the pandemic started, it’s promoted the approximately $2,300 Magic Leap One as a tool for remote work One of the few companies still actively promoting customer headsets is Nreal, whose creator formerly worked for (and has been taken legal action against by) Magic Leap.
Magic Leap’s future seems unpredictable, however the company states it’s still moving forward with the Magic Leap 2 headset. “Offered the very challenging and difficult circumstances organisations now deal with, there is an increased need for innovations like ours and we are currently in the process of working out profits generating tactical collaborations that highlight the value of Magic Leap’s innovation platform in the enterprise market,” composes Abovitz.
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source https://jobsearchtips.net/magic-leap-reportedly-laying-off-1000-staff-members-and-dropping-customer-organisation/
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