Symyx Lays Off 124 Staffers to Eliminate Overlap, Cut Costs Following MDL Buy | GenomeWeb
Three weeks after closing its $123 million acquisition of MDL Information Systems, Symyx disclosed this week that it will lay off 124 employees — 18 percent of its staff — as part of a broad restructuring plan that will “reduce overlap and streamline operations.”
 
Symyx officials said the restructuring, which it expects to complete in the fourth quarter, will save the company $20 million in annual costs.
 

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