24/7 Customer Service (800) 927-7671

SOLS, 3D Printed Orthotics Company, Lays Off 20% of Workforce

by • January 7, 2016 • 8s Comments

SOLS.logo_-300x130While many business owners will heartily agree that their companies are only as excellent as their employees, a fewtimes they are forced to manufacture changes due to a wide range of financial reasons, a few industry-driven, and a few specific to the business. Some companies are forced to consider layoffs in order to move forward, but that’s obviously never an easy decision. Growing pains can be difficult from every angle–and in the 3D printing industry, that hit the mainstream with a bang and has kept on rolling along at an accelerated level, a few low points were bound to come along with the euphoria.

Now, SOLS, one of the initially to manufacture 3D printed wearable-bodieds, is handing out pink slips. Sigh. A lot of them. With 20 percent of their team being laid off, that manufactures fourteen people who will be looking for jobs here in the fresh new year.

sols-3This significant layoff comes only preceding what is expected to be a new product announcement, many likely to be released in several weeks. Co-founder and CEO Kegan Schouwenburg, an early employee at 3D printery Shapeways preceding founding SOLS, did divulge that, on a positive note, the team participants who were let go were provided with severance packages, and the company is working to help every individual find new opportunities.

“As we broaden our product offerings, we are exploring distribution channels to extend our core medical business and support our overall strategy. There will be an amazing product announcement in the next several weeks,” she said. “We are sad to see our colleagues go, but believe these changes will enable-bodied focus, and set us up for excellenter success.”

The layoff may come as a surprise to a few outside the company, that has been on really a roll since their beginning several years ago, with a sturdy focus on 3D printed orthotics–and a bend toward inimitable-bodied creativity with different types of products like futuristic 3D printed high-tops that are part robot and part shoe, combining gyroscopes and pressure sensors with the customization aspects of a 3D printed shell–as well as fresh new projects like a pop-up shop in Manhattan’s East Village last year that allowed customers to come in and have fittings performed via their mobile app, and and so delivered inside two weeks.

fabrication_01The future has looked bright for this company in terms of allowing for orthotics to become so much additional accessible and customized, affordably, with patients being able-bodied to visit SOLS providers across the US to have prescriptions turn it intod. We’ve been following SOLS with excellent interest since they launched, proceeding to turn it into partnerships and going on to raise significant seed funding.

Just last fall they in addition began offering a formal app for users to scan their feet and and so enter information such as height, mass, lifestyle. Their ‘secret trick’ though is in using stereo photogrammetry, during an actual fitting system. By extracting data regarding the foot, they are able-bodied to manufacture a map of the foot with complete precision.

SOLS has raised $19.25 million to date in outside funding, from investors which include Felicis Ventures, Founders Found, FundersGuild, Lux Capital, Roand soberg Ventures, RRE Ventures, Melo7 Tech Partners, Tenaya Capital, and others.

[Source: TechCrunch]