In a story that’s become all too common these past few weeks and months, Magic Leap this morning announced that it will be laying off “a number of employees” across the country. The size and scope of the move is not clear at the moment, but the moves are clearly significant as the well-funded A.R. startup struggles to adapt to the harsh reality of the current pandemic.
The layoffs also comes as the hardware maker has increased focus on enterprise applications. Late last year, it announced the release of the Magic Leap Enterprise Suite, a $3,000 package designed to take on the more lucrative business side of augmented and mixed reality, joining the likes of Microsoft’s Hololens.
The open letter attempts to strike a hopeful tone, both in terms of its IP portfolio and the role its technology might play as more organizations actively explore virtual interactions.
“The post-COVID economy will be one of resiliency and the ability for businesses to operate across vast distances and connect with their customers in ways that mimic physical interactions,” founder/CEO Rony Abovitz writes, “but benefit from the speed and scale of high-speed networks, will be critical. Spatial computing will very much be part of that coming economic change.”
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