Magic Leap, a company known for its mixed reality headsets, has reportedly laid off its sales and marketing teams as it transitions to a new business model focused on licensing its technology.
The company confirmed the job cuts, stating that they are part of a strategic shift to better align with market dynamics and emerging opportunities.
Magic Leap will now focus on licensing its optical technology, which is used in its headsets, to other organizations.
This move comes after months of uncertainty and is seen by experts as a last-ditch attempt to salvage the company.
