Agilent Posts Bruising Q3 Loss; Announces Job Cuts | GenomeWeb

NEW YORK, Aug. 20 – Plagued by deteriorating customer demand and excess capacity, Agilent Technologies on Monday said it would cut 4,000 jobs, or 9 percent of its work force, and posted a third-quarter operating loss.

Total orders for the quarter ended July 31 plunged 54 percent to $1.3 billion compared with a year ago, the company said. Net revenue in the quarter also fell, to $1.81 billion from $2.35 billion in the year-ago period, according to Agilent.

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