COVID-19: Breakdown of global layoffs: April 22, 2020
Posted on 04/22/2020
AR / Magic Leap: Implement large-scale restructuring
Magic Leap faces funding difficulties with the new Corona Evil.
AR startup: Magic Leap
On April 22 (local time), it was announced that a large number of employees will be dismissed due to business difficulties caused by the new Corona disaster.
The Information:
About half of all employees, or about 1,000, will be dismissed.
The company has a hard time raising money.
It seems that it is necessary to take measures including personnel cost cuts because the possibility of short-term improvement is low.
Engadget Japan version
https://japanese.engadget.com/jp-2020-04-23-ar-magic-leap.html
Magic Leap
Augmented reality company Magic Leap, which has Saudi Arabia’s Public Investment Fund as an investor, is terminating a number of employees. Plantation, Florida-based Magic Leap is pivoting to focus on selling to corporate customers. Bloomberg reports that approximately 1,000 people were laid off.
Vice Media
Vice Media Group, which is backed by private equity firm TPG Capital, plans to lay off over 300 people in digital operations. These terminations include workers in both Vice News and female-focused publisher Refinery29.
Inova Health System
Falls Church, Virginia-based Inova Health System, a non-profit health organization, plans to layoff 400 employees. Hospitals are dealing with lower revenue and higher costs linked to the Wuhan coronavirus pandemic. Most of the people being laid off are in non-clinical management positions.
SWFI
https://www.swfinstitute.org/news/79078/swfi-daily-layoffs-briefing-april-22-2020