Accelrys disclosed in a quarterly earnings document filed with the US Securities and Exchange Commission earlier this month that it plans to trim its workforce by 10 to 15 employees.
The firm said the planned cuts are part of its efforts to streamline its operations and integrate its content business. It began the layoffs on May 3 and expects to complete the process by Dec. 31.
The company estimates that it will incur cash charges of approximately $1 million as a result of the reduction in its work force.
This is the second round of layoffs since the company closed its acquisition of Symyx last year. At that time, the company disclosed that it planned to lay off 80 employees, or between 10 percent and 15 percent of the new entity’s combined workforce (BI 07/02/2010).
Earlier this month, during its quarterly earnings call, Accelrys said it planned to retire several underperforming products in its Symyx content business as part of a restructuring effort, although at the time it did not disclose then how the changes would impact its headcount (BI 05/06/2011).