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Monday, Aug 19
Sequenom to reduce workforce
- Sequenom (SQNM) is planning to reduce its workforce by up to 75 employees as part of "an overall cost reduction effort," the company said in a regulatory filing. (8-K)
- SQNM says the move will save it $10M in compensation-related expenses on an annualized basis.
- The company also says it plans to book ~$1.2M in severance-related expenses in Q3.