Seeking Alpha

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.

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