Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz’s Statement That He’s ‘Stepping Down’

From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we’ve shared over the last several weeks, in order to set Magic Leap on a course for success,…