Velo3D to lay off 30% of its workforce as part of a cost-cutting program

63 employees will lose their jobs

Velo3D, the belowed American manufacturer of industrial metal 3D printers, has released its financial results for the second quarter of 2024, and they turned out to be disastrous. Revenues dropped to $10.3 million, compared to $25.1 million in the same period last year. At the same time, the operating loss amounted to -$21.7 million, remaining roughly a…