10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday.Magic Leap, the much-hyped smart glasses startup, is pivoting away from consumer tech and laying off half its staff. CEO Rony Abovitz announced that the company was making 'targeted' changes to the way it operates, with layoffs happening at 'every level' of the company.Facebook's $6 billion Jio deal has made it a major threat overnight to Amazon's growth in India. The deal is likely to supercharge JioMart, Jio's foray into online grocery and a competitor to Amazon and Flipkart.Zoom has skyrocketed to 300 million daily users, up 50% from the beginning of April, even as the company battles a privacy backlash. CEO Eric Yuan said the video conferencing company had seen a 50% increase in users since the beginning of April.Facebook

from Business Insider India https://ift.tt/2KtDQE8

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