Velo3D, a 3D printing technology company, is laying off 42 employees at its Fremont, California location, with the cuts scheduled for October 8, 2024. This action is part of a broader wave of job reductions in the Bay Area's tech and biotech sectors, where several companies have recently announced hundreds of layoffs. While the exact percentage of Velo3D's workforce affected is not specified in the report, the layoffs are permanent and contribute to the ongoing trend of restructuring within the advanced manufacturing and tech industry, as companies navigate economic pressures and strategic shifts.
