Magic Leap reduces a half of workplaces within large restructuring

@3DNews
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Magic Leap, startup on development the set of devices of the same name Augmented reality which attracted more than two billion US dollars from large investors (including Alphabet and Alibaba Group Holding Ltd), according to sources, reduce about a half of the workplaces within large restructuring. About 1000 employees will suffer. Company plans to curtail the consumer part of business and instead will concentrate on the corporate products. The decision to refuse the initial ambitions is quite sharp retreat for companies who declared in due time...
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Roni Abovits
Last position: Founder (CJSC "RAMAKS SERVICES")
Alibaba Group
Main activity:Wholesale trade
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