zSpace Inc. (NASDAQ:ZSPC) announced Thursday that it has wrapped up a major restructuring initiative that included substantial workforce reductions and operational adjustments across its U.S. business. The augmented reality education technology company said the changes will lower its run-rate operating expenses by more than 30%.
The overhaul included what the company described as significant staff cuts alongside targeted realignments of key functions. zSpace said the moves were driven by broader macroeconomic pressures that weighed on its performance throughout the year.
“By aligning our resources with our core strengths and market conditions, we’ve not only enhanced our financial stability but also positioned ourselves for future growth,” said Paul Kellenberger, CEO of zSpace.
Based in San Jose, California, the company builds immersive augmented and virtual reality learning platforms for STEM instruction, career and technical education pathways, and workforce readiness initiatives. zSpace reports that its technology is deployed across more than 3,500 school districts, technical centers, community colleges, and universities.
The company also holds more than 80 patents and cites published research in the Journal of Computer Assisted Learning showing that 3D VR environments can boost student knowledge outcomes.