NEW YORK (GenomeWeb News) – Agilent Technologies today announced a restructuring and downsizing of its Electronic Measurement businesses, which will include laying off 2,700 employees.

It does not appear that the cuts will affect Agilent's Bio-Analytical Measurement segment, which includes its life science products businesses.

The firm said that the restructuring is in response to "the most severe global downturn in the company's history."

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