Almost precisely a month in the past Magic Leap introduced that it was shedding half of their workers, blaming the COVID-19 disaster somewhat than having offered solely 6000 headsets in 6 months, regardless of elevating greater than $2 billion from buyers which incorporates Alphabet, Alibaba, Qualcomm and others.
Now it seems the corporate has been rescued by a brand new injection of cash, with the Information reporting the corporate managed to lift a further $350 million from current and new buyers.
This seems to have safeguarded the remaining workers, with Magic Leap withdrawing their WARN discover which previous workers they had been at imminent threat of being laid off.
It is unclear if this modifications Magic Leap’s plans to maneuver from the patron to the enterprise market, or if they’re nonetheless seeking to be bought.
