Electronics 3D Printer Company Nano Dimension to Lay Off 20% of Employees

Central Israel-based Nasdaq and Tel Aviv-listed 3D printer company Nano Dimension Technologies Ltd. is set to lay off 20% of its employees, the company announced in a Nasdaq filing Monday. The company currently employs 103 people, according to Pitchbook data. In its Monday filing, the company also announced that co-founder Simon Fried will step down from his executive role.

Founded in 2012, Nano Dimension develops and manufactures 3D printers for electronic components, with customers in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries.