Magic Leap reportedly laying off 1,000 employees and dropping consumer business

Mixed reality company Magic Leap is reportedly laying off around 1,000 employees and abandoning its focus on consumer headsets. Bloomberg reported the news earlier today, citing anonymous sources, and Magic Leap confirmed an unstated number of layoffs were happening on its site. “These changes will occur at every level of our company, from my direct reports to our factory employees,” writes CEO Rony Abovitz.

Bloomberg writes that in addition to laying off what amounts to half its workforce, the company will wind down its consumer-focused business, which included video games and entertainment apps. It will focus on enterprise uses, potentially including a partnership with a large unnamed health care company. Abovitz confirmed the shift to...

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