Accelrys Lays Off 50 in US and Europe; Officials Say Cutbacks Signal End of Product Modernization | GenomeWeb

Accelrys plans to lay off 50 employees — approximately 10 percent of its staff — before the end of June, the company disclosed in a filing with the US Securities and Exchange Commission this week.

According to an 8-K filed March 7, Accelrys said it also plans to shutter "a portion of one of its facilities in Cambridge, England." The company said the cutbacks will help it save around $6 million per year.

Accelrys expects the cuts to be "substantially completed" in the first quarter of its 2007 fiscal year, which ends June 30.

Get the full story with
GenomeWeb Premium

Only $95 for the
first 90 days*

A trial upgrade to GenomeWeb Premium gives you full site access, interest-based email alerts, access to archives, and more. Never miss another important industry story.

Try GenomeWeb Premium now.

Already a GenomeWeb Premium member? Login Now.
Or, See if your institution qualifies for premium access.

*Before your trial expires, we’ll put together a custom quote with your long-term premium options.

Not ready for premium?

Register for Free Content
You can still register for access to our free content.