3d systems announces restructuring initiative

Rock hill, s.c., feb. 28, 2023 (globe newswire) -- 3d systems (nyse:ddd) today announced a multi-faceted restructuring initiative designed to improve operating efficiencies that include optimizing its european metal printer operations and streamlining its software organization. the initiative is expected to reduce operating expenses in 2023 by approximately $2.5 million to $3.5 million, and provide an annualized savings of approximately $5.5 million to $7.0 million in 2024 and beyond.
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