Virtual reality video company Jaunt — which helped spur the early growth of VR video — is shifting its focus to augmented reality, winding down “a number” of its VR-related services, and laying off a “significant portion” of its staff.
In a Medium post entitled “The Future of Jaunt is AR,” Jaunt wrote that it would focus on developing technologies that could create augmented reality content at a large scale. “We will be winding down a number of VR products and content services in the coming weeks,” reads the post. “This unfortunately means that some of our valued and highly talented colleagues will be moving on … These highly skilled individuals have contributed to our position as a leader in the immersive industry, and the decision to…
https://www.theverge.com/2018/10/15/17980420/jaunt-vr-layoffs-ar-focus-switch-restructuring-xr-platform
