MINNEAPOLIS, June 25 -- CyberOptics Corp. plans approximate 20% reduction of its worldwide workforce due to persistently sluggish conditions in the electronics assembly and semiconductor capital equipment markets. Annualized savings from this workforce reduction are expected to total approximately $3.5 million. As a result, this measure will significantly reduce CyberOptics' breakeven cost structure and accelerate the company's return to profitability. Steven M. Quist, chief executive officer, commented: "Although business conditions have improved moderately, this difficult action, which...Read full articleRelated content from Photonics MediaArticlesSuperLight Photonics Names CEO; Diamond Light Source Taps Leader: People in the News: 08/16/2023SuperLight Photonics, a developer of supercontinuum generation lasers, named Cees Links CEO. 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