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layoffs

In a regulatory document, the company said the layoffs resulted from a restructuring plan to "emphasize growth initiatives." 

The majority of the charges were taken in the Life Sciences Solutions segment, "principally for severance obligations" to former employees and executives of Life Tech.

The firm also said that currency translation had a negative effect of $53 million last year.

 

The $51.7 million is up from $32.8 million Hologic took in similar charges in Fiscal Year 2013.

NEW YORK (GenomeWeb) – During its fiscal third quarter, Thermo Fisher Scientific took $12.8 million in charges related to severance, the company disclosed in its Form 10-Q filed recently with the US Securities and Exchange Commission.

NEW YORK (GenomeWeb) – Agilent Technologies this week updated its figures for headcount reduction and said that its subsidiary in India has borrowed $35 million for general corporate purposes on a short-term basis.

NEW YORK (GenomeWeb) – Thermo Fisher Scientific took $40.4 million in charges during the second quarter related to severance, the company disclosed in its Form 10-Q.

NEW YORK (GenomeWeb) – During the first quarter, Thermo Fisher Scientific recorded about $82.7 million in costs related to a reduction in its headcount and for severance obligations to former Life Technologies executives and employees, the company said in its Form 10-Q filed recently with the US

The Broad Institute confirmed that it is laying off 27 employees as the National Institutes of Health stopped funding for a program, and the institute separately decided to refocus its therapeutic development efforts.

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific recorded about $55.6 million in restructuring charges related to the termination of employees during 2013, the company said in its Form 10-K on Thursday.

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