Magic Leap, a company that develops mixed reality headsets, has laid off its sales and marketing teams as it pivots to a new focus on licensing its technology.
This means they will now focus on selling their technology to other companies instead of directly selling headsets to consumers.
Magic Leap's primary focus will be on its optical technology, the system that creates the mixed reality experience in their headsets.
This shift in strategy comes after a period of challenges for the company and is seen as a move to secure its future.
