Abbott Laboratories (ABT -4%) says it's laying off about 550 workers and plans several hundred...

|About: Abbott Laboratories (ABT)|By:, SA News Editor

Abbott Laboratories (ABT -4%) says it's laying off about 550 workers and plans several hundred more layoffs throughout 2013, citing "evolving business needs." The disclosure comes on the back of a Q3 earnings report earlier today showing surging profit amid a double-digit percentage fall in expenses.