ICON Technologies Inc. has made the difficult decision to lay off 114 employees as part of a re-alignment strategy to focus on its highest priorities and growth opportunities.
The Austin-based startup, founded in 2017, has raised over $450 million in funding, with a valuation approaching $2 billion at its last raise in early 2022.
Despite the recent layoffs, ICON has delivered over two dozen 3D-printed homes, focusing on providing housing solutions for the homeless and those in chronic poverty.
With a workforce of around 400 prior to layoffs, the company is reducing its size significantly, which reflects a transition in its strategic focus amidst changing market conditions.
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