Leap Motion Lays Off 10% Of Its Workforce After Missing On First Year Sales Estimates

TechCrunch

Leap Motion won a lot of buzz early on for its motion controller, which is designed to make it possible for users to interact with their computer through gestures alone. The early buzz and pre-order interest led to a lot of growth, with the company swelling to 120 employees at its peak. But disappointing reviews when the hardware actually shipped took some of the wind out of the startup’s sails. Now, CEO and co-founder Michael Buckwald tells TechCrunch they’ve had to make some tough choices, dig in and prepare for a business plan where success is defined over the next decade, not in a first production run.

Leap Motion has been forced to part ways with 10 percent of their employees, including personnel ranging from telephone support staff to high-ranking executives, in a bid to get to a place where its spend on human resources is more in line…

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