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GEN News Highlights : May 15, 2013

Agilent to Restructure, Laying off 450

Announcing its second-quarter financial results yesterday, Agilent said it plans to lay off around 450 employees—2% of the company’s global workforce—in a restructuring move. Further details about the timing and scope of such workforce reductions were not disclosed.

Reporting on his firm’s second quarter financials, in a statement Agilent CEO Bill Sullivan said: “We expect the macroeconomic environment to remain challenging throughout the second half of 2013 and are taking additional actions to strengthen our operating performance."