Rony Abovitz announces he is stepping down as Magic Leap's CEO - Business Insider

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Rony Abovitz is stepping down as the Magic Leap's CEO, describing the move as 'a natural next step' – read the memo he just sent staff

The announcement comes just a few weeks after the company cut half of its staff and made a pivot to enterprise.

Just weeks after the company laid off around half of its staff and announced it was shifting its focus to enterprise, the Magic Leap chief has announced he won't be leading the company through its next phase. We have closed significant new funding and have very positive momentum towards closing key strategic enterprise partnerships.

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