Holographic Capture Company 8i Lays Off Half of Staff

Published by , December 25, 2017 1:49 pm

(Variety) New Zealand- and Los Angeles-based holographic capture startup 8i is having significant layoffs that could impact more than 30 staffers. The company said that it was undergoing a restructuring that could impact as much as half of its staff of around 70 full-time employees.
“Although we’ve made significant progress, we are continuously challenging our assumptions about where the AR/VR market is headed and how it will develop,” the statement read. “And like any early stage company we need to be honest with ourselves and our employees about what kind of company we should build and how fast we need to grow. Consequently, we are consulting internally on a proposal for changes to our organization that would align our teams and resources with important core technology initiatives that create the most long term value. The proposal impacts about half of our full time positions.”

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