AR company Avegant has replaced its CEO and laid off more than half its staff

Light-field display and “mixed reality” startup Avegant laid off a significant portion of its staff in recent weeks, and also replaced its CEO with one of the company founders, according to people familiar with the company’s operations.Avegant’s headcount was reduced last month to fewer than 20 people, and those who remain work largely in R&D or on the technology partnership side. Prior to the layoffs, there had been somewhere between 40 and 50 employees, one person