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PerkinElmer Lays Off 102 in Q2

NEW YORK (GenomeWeb) – PerkinElmer laid off 102 employees as part of a restructuring plan implemented in the second quarter, the firm disclosed in its Form 10-Q filed with the US Securities and Exchange Commission today. 

The company implemented the restructuring plan in order to realign resources to "emphasize growth initiatives," it said, adding that it took about $6 million in initial restructuring charges related to the plan. Of that, about $1.9 million was recorded in PerkinElmer's Human Health segment and about $4.2 million was recorded in its Environmental Health segment. 

In 2014, PerkinElmer laid off 191 employees.

The firm also said that in the first half of 2015 it acquired three businesses for a total of $19 million in cash. It did not provide further details about the acquisitions. 

PerkinElmer said last week that its revenues in the second quarter increased 1 percent year over year.