0
Wireless

Magic Leap lays off half of staff, shifts focus to enterprise market

Thursday 23 April 2020 | 10:13 CET | News
The AR start-up Magic Leap is cutting about half of its workforce as part of a major restructuring, people familiar with the matter told Bloomberg. About 1,000 employees will be affected, as the company winds down its consumer business in order to focus on enterprise market. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: AT&T / Magic Leap / NTT DoCoMo
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Magic Leap adds executives to leadership team, including new CFO

Published 09 Oct 2020 11:55 CET | World
AT startup Magic Leap has added some new executives to its corporate leadership team as it looks to capitalise on opportunities ...

Magic Leap CEO to step down

Published 29 May 2020 10:59 CET | World
Rony Abovitz, the co-founder and CEO of AR start-up Magic Leap, will be stepping down as soon as a replacement is found, Business ...

Magic Leap raises USD 350 mln, suspends layoffs - report

Published 22 May 2020 11:34 CET | World
US-based mixed reality handset maker Magic Leap managed to raise USD 350 million from existing and new investors, according to ...

AR start-up MagicLeap to explore sale

Published 12 Mar 2020 11:08 CET | World
US-based maker of augmented reality glasses Magic Leap is considering multiple strategic options that include selling itself, ...

NTT Docomo invests in Magic Leap, to be exclusive Japan distributor

Published 30 Apr 2019 13:14 CET | Japan
The mixed reality device maker Magic Leap has a new investor from the telecom sector. Japan's NTT Docomo has agreed to invest USD ...

Magic Leap starts sales of first mixed reality set

Published 08 Aug 2018 18:55 CET | United States
The mixed reality start-up Magic Leap has started shipping its first product. The Magic Leap One Creators Edition is available in ...

AT&T inks exclusive deal for Magic Leap VR headset

Published 12 Jul 2018 09:07 CET | United States
VR headset developer Magic Leap said it has completed its Series D funding round with an undisclosed investment from AT&T. With ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
::: More Calendar Items