NEW YORK (GenomeWeb News) – Agilent Technologies announced after the close of the market on Tuesday a restructuring program expected to reduce its headcount by about 450 employees and save the company $50 million annually in operating expenses.

The Santa Clara, Calif.-based firm also reported that revenues were flat year over year in its fiscal second quarter and that its board approved an additional $500 million to its existing share buy-back program.

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