Magic Leap Cuts Nearly 200 Jobs as AR Pioneer Pivots Into Waveguide Supplier
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AR unicorn Magic Leap is again pivoting its core business, this time to serve as a waveguide supplier to other companies making AR glasses, something that we've learned comes amid a mass lay off nearly 200 of its core engineering and product development staff. According to a formal WARN Act notification letter to US government officials last week, the company is set to lay off 193 employees at the company's Plantation, Florida headquarters. A wide range of product development and engineering roles are set to be affected come October 1st, the letter reveals, including software, hardware, UX/design, product management, manufacturing engineering, quality, technical program management, and several senior engineering and executive leadership positions. Although it's uncertain how many will remain at Magic Leap - estimates point to a few hundred at this point - the mass layoff comes amid a broader shift at Magic Leap, as the company announced earlier this month its was undergoing a "strategic pivot to accelerate the development of AI display glasses." The company says it's now shifting from building first-party AR headsets to taking on the role of "essential AR ecosystems partner, waveguide supplier, and device integration expert for the technology industry." "Magic Leap is seizing the moment where our AR innovation and manufacturing expertise create the greatest market impact,"...
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