26Sep/18Off
Augmented Reality Company Meta to Put 75% of Employees on Hiatus
Silicon Valley-based augmented reality company Meta Company has put three-thirds of its employees on hiatus during the month of September. Meta announced a plan to restructure earlier this month, citing the “economics and dynamics" of the AR market and saying the move is set to ensure the company continues to operate “in the most cost and resource-effective manner possible while maintaining a competitive edge.”
Meta said that it would use the hiatus to open a second headquarters and innovation lab in China. Meta also said it intends to launch a third innovation lab in Israel, pending the close of an upcoming funding round.
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