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PerkinElmer Cuts Workforce by 191 in 2014, Records Severance Charges of $14.4M

NEW YORK (GenomeWeb) – PerkinElmer reduced its headcount by 191 people, it said in a Form 10-K filed with the US Securities and Exchange Commission.

The firm went through several headcount reductions in 2014 and laid off 17 employees in Q1, 22 employees in Q2, and 152 employees in Q3. As a result, PerkinElmer took severance charges of $14.4 M for the year. In 2013, PerkinElmer cut its workforce by 430 people.

PerkinElmer also said in its SEC document that currency translation had a negative impact of $53 million in 2014. The company said last month that total revenues were up 4 percent year over year from 2013.