NEW YORK (GenomeWeb News) – Caliper Life Sciences plans to consolidate its California operations in order to lower its facility costs and to increase the productivity of its research and development expenses, the company said today.
The move involves laying off around 13 employees and moving around 33 others who are principally engaged in R&D activities from its Mountain View facilities to those in Alameda.
The Hopkinton, Mass.-based company expects to incur around $3.7 million in costs associated with the move in 2008, but said it will save around $3.3 million annually once the changes have been fully implemented.
Caliper also said it has made several changes to lower general and administrative costs, and it now expects to report in its May 8 first-quarter earnings statement total revenue higher than the mid-point of its projected range of $26.5 million to $29.5 million.
The move also will result in roughly $400,000 in employee severance and retention costs in fiscal 2008 and around $2.7 million in facility abandonment charges that will take effect in the third quarter, it said.