AUSTIN, Texas– ICON Technology Inc, a prominent Austin-based company specializing in 3D-printed homes, announced its plans to lay off over 100 employees in March.
The layoffs come as the firm seeks to adjust its workforce amid changing demands within the industry. The company’s decision to reduce its staff reflects a strategic move to align resources with current market needs.
The layoffs in March will affect a significant portion of ICON’s workforce. The company has assured that affected employees will receive support through this transition. This includes assistance with job placement and severance packages, aligning with industry standards for workforce reductions.
The decision to cut jobs follows a period of growth and innovation for ICON. The company has completed multiple projects, showcasing the potential of 3D-printed homes to provide affordable and eco-friendly housing.
Despite the reduction in workforce, ICON remains committed to its mission of advancing 3D-printed construction technology.
The company plans to continue its research and development efforts, focusing on enhancing the capabilities and applications of its proprietary technology. Future projects are expected to incorporate new advancements in design and materials to improve the efficiency and affordability of 3D-printed homes.