Magic Leap raises $350 million and puts layoffs on hold

Magic Leap has been struggling for quite a while now, but the past year has been especially difficult due to poor sales and the coronavirus pandemic. Back in April, the company announced that it’s laying off employees at every level, and The Information reported that around 1,000 people would lose their jobs. Now, the mixed-reality…

Magic Leap raises $350 million and puts layoffs on hold

Magic Leap has been struggling for quite a while now, but the past year has been especially difficult due to poor sales and the coronavirus pandemic. Back in April, the company announced that it’s laying off employees at every level, and The Information reported that around 1,000 people would lose their jobs. Now, the mixed-reality headset-maker has finally caught a break — according to Business Insider and The
Read More From Publisher