Magic Leap Founder Rony Abovitz to Step Down as CEO
Magic Leap pivoted to the enterprise space recently after an extended lukewarm reception by consumers for its $2,300 AR headset. Amid the coronavirus pandemic, company founder and CEO Rony Abovitz then announced layoffs last month that were slated to occur at “every level” of the company. Although those layoffs were allayed by a fresh $350 million funding round at zero hour, Abovitz now says he’s stepping down as CEO.




















