3D Systems to reduce staffing by 6%

3D Systems has released plans to reduce its headcount by around 6%, as the second phase of a restructuring strategy.

According to the company, most layoffs will be made in corporate and business in the US and Europe.

3D Systems expects this initiative to reduce operating expenses by approximately US$4.0 - US$6.0 million in 2023 and to provide annualized savings between approximately US$9 million to US$11 million from 2024 onward.

As well as this, the company says that it will improve the efficiency of its European 3D printer facilities by carrying out manufacturing in the same place as engineering at its Riom, France manufacturing facility.