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Magic Leap to Lay Off Around 1,000 Employees

By
Alex Heath
· · Source: The Information

Magic Leap is laying off around 1,000 employees, or roughly half its workforce, in a restructuring that will focus on selling augmented reality headsets to businesses, according to a person familiar with the matter. The cuts were announced Wednesday by CEO Rony Abovitz to employees. Bloomberg first reported the layoffs. A Magic Leap spokesperson didn’t respond to a request for comment. In a ...

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