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IPG Announces Layoffs Following Q3 Earnings Report

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EMMETT WARREN, NEWS EDITOR
emmett.warren@photonics.com

OXFORD, Mass., Nov. 1, 2019 — IPG Photonics Corp., a maker of industrial lasers, announced this week that 300 positions will be eliminated from its global workforce. The news follows the release of the company’s third-quarter earnings report. IPG posted $329 million in revenue during the third quarter, or $1.07 per...Read full article

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