Applied Biosystems to Cut 250 Jobs

Applera Corp. Applied Biosystems Group, a maker of life sciences research equipment, said Wednesday that it will cut about 250 jobs and record a substantial fourth-quarter charge as it restructures its operations. The unit of Applera Corp. said the layoffs and associated facility closures will cost between $20 million and $22 million in the April-June quarter, before taxes. The job cuts will primarily be in research and development, marketing and operations.

Applied Biosystems to Cut 250 Jobs

BioBOOM Op/Ed: Quite a reduction in force. The shift from genome mapping projects to other business segments (diagnostics or services) and alliances did not happen fast enough here. This is clearly a move that in the end shows poor management, lack of foresight, vision, and planning. Layoffs are easy to do - shifting strategies and retaining are not. We think instrument life cycle, design, and utility is more similar to the car industry... need new models, better time planning and upgrade options. The day after Clinton and Blair did the "genome mapping is done" press conference one could guess this was coming. With all the recruiting for company moves to different states and countries at Bio 2005 maybe relo is an option. Alaska might offer a heck of a tax break to them we're sure. Within 16 months more shake out predicted including buyout and/or divestitures coming (hint hing IVGN). Certainly some senior management deserves to take a hit too as loyalty is under rated here. And if that's true you will see a fall off in customer loyalty too.

No comments:

Blog Archive