MakerBot Lays off 20% of Staff

MakerBot, a subsidiary of Stratasys (NASDAQ:SSYS), has laid off one fifth of its staff.
According to an article on 3D Printing Industry:

It seems like just six months ago that the once-crowned champion of consumer 3D printing was letting go of 20% of its staff to meet less than positive demand for the MakerBot brand of 3D printers around the world.  Even after the new CEO, Jonathan Jaglom, shuttered the doors of their three retail locations, the Stratasys subsidiary has decided to cut the remaining MakerBot employees by another fifth, as the brand embarks on “reorganization”.  Jaglom told the world about the restructuring as one does in the modern era, via blogpost: “We have achieved a lot as a team, but we have also been impacted by the broader challenges in our industry. For the last few quarters, we did not meet our ambitious goals and we have to make significant changes to ensure MakerBot’s future growth and success. In order to lead our dynamic industry, we need to get back to our entrepreneurial spirit and address our fractured organizational structure.”
[…] The good and bad news for consumers is that MakerBot will be releasing new products in the future.  The bad news for employees is that their numbers are now below 400. The above-mentioned Industry City location was leased just months ago, but now sees the customer support, software, and research and development teams head to Brooklyn.

Click here to read the full article on 3D Printing Industry.