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Category: Layoffs

ICON, a builder of 3D printed homes last valued around $2 billion, cuts about 25% of staff

ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce Commission. A spokesperson for the company confirmed the news to TechCrunch, providing a statement that ICON had “recently made a difficult decision to re-align” its team and team size “to focus…

Canoo furloughs workers and idles factory as it scrapes for cash

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned,…

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