MakerBot Prepares for Another Round of Layoffs
MakerBot is preparing another round of layoffs as the 3D desktop printer manufacturer announced a restructuring plan on Wednesday.
The New York City-based company said it would be reducing its staff by 30%. MakerBot made similar severe cuts to its workforce in 2015 following consistent product and service revenue declines.
MakerBot’s current workforce numbers are unclear, but TechCrunch estimated the cuts to affect between 80 and 100 employees.
Fortune reached out to MakerBot for further comment.
Stratasys (SSYS), a global 3D printing solutions enterprise targeting similarly-sized corporate customers, acquired the then-startup MakerBot in 2013 for more than $400 million. Founded in Brooklyn in 2009, MakerBot was previously synonymous with other indie creative professionals and businesses, but smaller competitors have since flooded the market.
Nadav Goshen, who just became MakerBot’s CEO in January, acknowledged some of the market shifts in a blog post on Wednesday, noting that under the new restructuring plan, MakerBot is combining its hardware and software product development employees under one team.
“The desktop 3D printing business is growing in several segments at once, and we consciously chose to focus on the professional and education segments where we provide the best value proposition,” Goshen wrote.
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MakerBot said it will be providing severance pay and additional career services to parting staff.
Update (02/15/17 03:15 p.m. ET): A MakerBot spokesperson replied via email, saying MakerBot does not provide details on how many employees work at the company.