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North, the makers of the Focals smart glasses, has laid off a portion of its workforce. The company confirmed the layoffs to Engadget but would not specify how many people lost their jobs. The Verge reported today that the cuts affected 150 employees, which would account for a significant chunk of the more than 400 people who were employed by North.
In a statement to Engadget, North CEO Stephen Lake said the layoffs were necessary to “focus our resources and ensure we have sufficient runway to execute on our upcoming milestones over the next 18-24 months.” Lake also defended expanding North’s workforce more than 400 people, calling those hires “the right choices at the time.” Lake claimed the company will do “everything they can” to ensure the laid-off employees will land on their feet.
North launched its first pair of smart glasses, the Focals, in January. The spectacles use holographic display technology to project information like weather updates and calendar notifications on the lens of the glasses. After releasing the wearables, North quickly cut the price from $ 999 to $ 599.99. It’s not clear if that price adjustment was a response to slow sales.
Source: The Verge