Magic Leap: Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing

Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company's cuts included its entire sales and marketing departments, Bloomberg reported Friday (July 19). "Magic Leap has been evolving our go-to-market approach to better align with market dynamics and emerging opportunities, optimizing how we support [...] The post Magic Leap Cuts 75 Jobs, Shifts Focus to Technology Licensing appeared first on PYMNTS.com.