Jul 22, 05:57 PM

Magic Leap Lays Off 75 Employees Amid Shift to Licensing Technology Following Google Partnership

Magic Leap, the augmented reality startup, has cut approximately 75 jobs, including its entire sales and marketing departments, as reported by Bloomberg on July 19. The company is shifting its focus from selling AR headsets to licensing its technology. This move follows a recent partnership with Google. The layoffs and reorganization are seen as a 'last ditch' effort to pivot the company's business strategy.

#Magic Leap #Bloomberg #Google

Written with ChatGPT (GPT-4o).