Wednesday, February 25, 2009

Layoffs: Palomar Medical

from their earnings call
http://seekingalpha.com/article/120983-palomar-medical-technologies-inc-q4-2008-earnings-call-transcript?source=yahoo&page=-1

Joe Caruso (President):
...Our goal is to remain cash flow neutral during this recession. This will not be easy as it is difficult to predict how long and deep this recession will be. We have taken steps to decrease our operating expenses in all areas of the Company including reductions in headcount and salary freezes. We will continue to monitor and adjust as we move forward.

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