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

FARO Technologies, a company that specializes in measurement and laser technologies that is headquartered in Lake Mary, Florida, announced on Monday that ts workforce will be cut by another 14%. Earlier in 2009, the company announced it was going to cut 7% of its workforce. As of 2008, the company was believed to have 850 employees.
Tumbling sales is being pointed to as the cause of all the job losses at FARO. Compared to last year, the company’s sales are down about one-third despite having an impressive list of customers including Ford, GE, Boeing, Airbus and Siemens.
According to FARO Technologies, the …read more