Magic Leap reportedly laying off 1,000 employees and dropping consumer business

Photo by James Bareham / The Verge Mixed reality company Magic Leap is reportedly laying off around 1,000 employees and abandoning its focus on consumer headsets. Bloomberg reported the news earlier today, citing anonymous sources, and Magic Leap confirmed an unstated number of layoffs were happening on its site. “These changes will occur at every level of our company, from my direct reports to our factory employees,” writes CEO Rony Abovitz.
Bloomberg writes that in addition to lay