ConsumerUS

Magic Leap Layoffs

April 2020

Magic Leap announced a layoff affecting 1,000 employees (50% of its workforce) in April 2020. The company operates in the Consumer sector.

People Affected

1,000

Percentage

50%

Announced Date

Apr 22, 2020

About

Magic Leap, a prominent augmented reality startup, laid off 1,000 employees last week, representing 50% of its total workforce. The cuts affected all departments, including over 100 engineers primarily based in Florida. This significant reduction is part of a broader trend of large-scale layoffs across the tech industry amid the economic challenges posed by the COVID-19 pandemic.