Metaverse 💞 beyond.picturesSnap is laying off around 1,000 employees, cutting 16% of its workforce as it pivots towards profitable growth. The AR glasses subsidiary Specs Inc. remains unaffected and is slated to add staff ahead of the sixth-gen Specs AR glasses launch expected this autumn. https://www.roadtovr.com/snap-mass-layoffs-specs-ar-glasses/ #Metaverse #VR #AR #XR
Snap Confirms Mass Layoffs Ahead of Next-gen 'Specs' AR Glasses Rollout
Snap is laying off around 1,000 employees, the Snapchat parent confirmed today. Specs Inc., its recently formed AR glasses subsidiary, is reportedly not being affected, however, as the cuts are aimed at further insulating the traditional Snapchat business from its new AR subsidiary. Spiegel announced the news in an internal memo, published by Business Insider, which …