NEW YORK, Oct. 10-Pyrosequencing has let go 23 staffers in its Uppsala, Sweden headquarters, the genetic analysis equipment company said today.
Staff were cut in order to "accelerate the route to profitability," the company said in a statement. The move is expected to reduce costs by $7 million next year.
Other targets for the company's cost reduction program include administration, product development and central marketing.
Pyrosequencing now employs 145 globally, including 110 employees in Uppsala.
The company's produces include bench-top and high-throughput DNA analysis and sequencing systems. For more information, see the company website.