Issue Date: December 15, 2008
Symyx Reorganization Cuts Workforce 15%
Symyx Technologies, a supplier of electronic laboratory notebooks and other research tools, has launched a restructuring that will result in the elimination of approximately 90 jobs, or 15% of the company's workforce, by the end of the year. The plan aims to reduce 2009 expenses by $15 million compared with 2008, primarily by combining its tools and research divisions into an integrated division called Symyx High Productivity Research. Symyx expects a restructuring charge of between $3 million and $4 million.
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