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PerkinElmer Cuts 30 Jobs in R&D Shift During Q3

NEW YORK (GenomeWeb News) – PerkinElmer reduced its headcount by 30 employees in the third quarter, the company said in a regulatory document this week.

PerkinElmer said that its management approved a plan during the quarter to shift some of its R&D resources into a newly opened Center for Innovation, resulting in the layoffs. It added in its quarterly financial document filed with the US Securities and Exchange Commission that all employees were notified of their termination by Sept. 29.

PerkinElmer recognized a $500,000 pre-tax restructuring charge in the Human Health segment related to the workforce reduction and said it anticipates the remaining payments of $400,000 for workforce reductions to be "substantially completed" by the end of the second quarter of 2014.

The most recent round of layoffs brings the total number of jobs that the Waltham, Mass.-based company has eliminated in 2013 to 357 through the first nine months of the year. It reduced its headcount by 62 in the first quarter and by 265 in the second quarter. The firm has approximately 7,500 employees worldwide.

PerkinElmer recently reported that its third quarter revenues increased 3 percent year over year to $524.3 million.