Formlabs, a leading hardware 3D printing company, has confirmed a "small number" of layoffs, affecting fewer than 40 employees out of a total workforce of just under 750. These staff reductions, amounting to roughly 5% of its employees, occurred in waves over the past two years, with the most recent taking place in the weeks leading up to August 2024. The company stated the layoffs were a difficult but necessary decision to part ways with colleagues in departments that were below efficiency goals or where roles were no longer aligned, even as it continues to hire in other areas and invest heavily in research and development. As an MIT spinoff and a stalwart in the additive manufacturing industry, Formlabs has navigated broader market challenges while expanding its technology portfolio and maintaining a focus on specialized applications like medical and dental products.
