EMMETT WARREN, NEWS EDITOR [email protected]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 diluted share, compared to $356 million, or $1.84 per diluted share, in the same quarter in 2018. The company began implementing a cost-reduction program in the fourth quarter of last year and expects to reduce annualized operating expenses by approximately $30 million, according to the report. The...Read full articleRelated content from Photonics MediaArticlesOptica Awards Edwin H. Land Medal; Amplitude Laser Names President: People in the News: 04/12/23Optica awarded the Edwin H. Land Medal to Susana Marcos, the David R. Williams director of the Center for Visual Science at the University of Rochester. 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