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 …read more