Genetix Lays Off 10 Percent of Staff Despite Revenue, Profit Growth in 04

Mar 01, 2005

NEW YORK, March 1 (GenomeWeb News) - Genetix Group today said today that it has laid off around 10 percent of its staff at the end of 2004 despite a 13-percent increase in 2004 net sales and a 103-percent jump in profits.

The total number of employees let go was not immediately known.

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