---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-095783"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:47:58.306680+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Velo3D cuts 30% of workforce (~63 employees) in restructuring; expects $1.1-1.7M in costs

## Summary
- Reduction in force affects approximately 63 employees globally, about 30% of total workforce.
- Estimated costs between $1.1M and $1.7M, primarily wages and benefits, paid in Q4 2024.
- Layoff plan expected to be completed by end of October 2024.
- Company cites streamlining operations and reducing costs.

## SEC filing metadata
- accession: 0000950170-24-095783
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/0000950170-24-095783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/vld-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-095783
- JSON: https://secwatch.observer/filing/0000950170-24-095783.json
- Plain text: https://secwatch.observer/filing/0000950170-24-095783.txt

## Key facts
- Restructurings & Charges
  Velo3D, Inc. announced a restructuring with charges of approximately $1.1 to 1.7 million (approximately 63 employees globally, representing approximately 30% of the Company's workforce).
  - Type: restructuring
  - Charge: approximately $1.1 to 1.7 million
  - Headcount: approximately 63 employees globally, representing approximately 30% of the Company's workforce
  source text: On August 9, 2024, Velo3D, Inc. (the “Company”) announced a reduction in force plan to streamline its business operations, reduce costs and create further operating efficiencies, which is expected to affect approximately 63 employees globally, representing approximately 30% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.1 to 1.7 million of costs, consisting primarily of personnel expenses such as wages and other benefits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/0000950170-24-095783-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.