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PerkinElmer Lays Off 66 in Third Quarter

NEW YORK (GenomeWeb News) – PerkinElmer laid off 66 employees during the third quarter as part of a planned shift in its business, the company disclosed in its Form 10-Q filed with US Securities Exchange on Tuesday.

The layoffs resulted from a plan by the Waltham, Mass.-based firm to shift some operations into a newly created shared service center, it said in its document. All 66 employees who are being laid off were notified as of Sept. 30.

PerkinElmer recognized $3.7 million in pre-tax restructuring charges in both the Human Health and Environmental Health segments related to the reorganization, it said, adding that it anticipates the remaining severance payments of $7.4 million for workforce reductions to be completed by the end of 2014.

The layoffs come on top of 336 layoffs that PerkinElmer previously said it planned in the first and second quarters of the year as part of restructuring efforts.

The firm reported a couple of weeks ago that its third-quarter revenues rose 13 percent year over year to $509.6 million.