Faro Technologies Lays Off More Workers

Earlier in 2009, Faro Technologies announced that they were cutting more than 20% of its work force. On Monday, the company says that they will laying off 8% of its workers, which goes on top of the previous announcement.

While the exact number of Faro Technologies workers that will be laid off in this latest round of job cuts isn’t known, it is estimated to be between 60 and 70 employees. The company says that all told, the job cuts will save the company more than $15 million per year.

Said Jay Freeland, the CEO of Faro Technologies: “Though the long-term opportunity for Faro remains strong, there is clearly some weakness in the current market. While we regret the impact of this decision on our employees, we believe the reduction in force is prudent and should help us return to profitability as soon as 2010.”

Faro Technologies makes portable imaging and measurement systems. Founded in 1981, the company is headquartered in Lake Mary, Florida. It also has offices in Germany and Singapore and branches in a number of other countries including France, Poland, Mexico, India and Japan.

Image: Flickr