Icon Technology Inc. Announces Small Layoffs Despite Commitment to Affordable Housing

0
70

Icon Technology Inc., an Austin-based startup that has made major advances in the 3D-printing of homes, has announced a “small number” of layoffs. Icon has received significant attention over the past few years, with its huge funding rounds, a 3D-printed neighborhood coming to Georgetown and a $57 million contract with NASA.

Though the company declined to disclose the details of the layoffs, including the number of jobs affected, they remain committed to their mission of making quality and affordable housing accessible to people around the world.

Icon’s CEO, Jason Ballard, expressed sadness over the layoffs but noted that the decision was necessary in order to meet their long-term goals. “It was a difficult decision, but one that had to be made to ensure our long-term success and to ensure that we can continue to achieve our mission,” he said.

Icon has been a leader in the 3D-printing industry since its founding in 2015. They have used the technology to create homes that are both affordable and sustainable. In addition to its contract with NASA, the company has partnered with a variety of organizations, ranging from nonprofits to local governments, to develop low-cost housing solutions.

Icon Technology Inc. has made significant strides in the 3D printing industry, with their affordable and sustainable homes, and their commitment to making quality, affordable housing accessible to people around the world. Despite the layoffs, they remain dedicated to their mission, and are confident that their long-term goals will be met.