Thursday, April 16, 2009

Layoffs: Cynosure

Press release:

Cynosure Announces Preliminary Financial Results for the First Quarter of 2009

WESTFORD, Mass., April 15, 2009

"We are continuing to adjust our operating expenses in response to the current market conditions and reduced revenue levels," [CEO Mike] Davin said. "In recent weeks we have cut an additional 25 positions from our worldwide workforce. This reduction has been partially offset by the opening in February of our direct sales office in Korea and the associated hiring of 11 employees, bringing our current total worldwide headcount to 271 employees.

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