Mojo Vision changes its focus to develop its microLED display technology, lays off 75% of its work force
AR developer Mojo Vision announced that as it finds it challenging to raise more funds, it is changing its focus to develop its microLED technology and "decelerating" its work on the smart contact lens system.
According to reports, Mojo Vision has laid off 75% of its employees - it is estimated that the company laid off around 100 employees (it had around 150 employees before the change). The company's CEO says that the its microLED display technology has "is significant near-term market potential".