Given TakerBot's drag on Stratasys' bottom line during their last quarterly earnings report, this should come as no surprise.
I'm grabbing my popcorn for the ramifications of their actions under New York State law. Layoffs of that size need to be reported to the state in a specific time window before they happen, and the apparent surprise nature of this announcement to their employees leads me to believe that they didn't do so. Even more interesting, if they are using any state-provided tax breaks for opening up a startup business and employing those people, they could lose that benefit as well if they cut workers below their committed levels.....