September 19, 2012 - Brooks Automation, Chelmsford, MA (Nasdaq: BRKS), says it is laying off about 150 employees, or roughly 10% of its global workforce, citing a need to reduce operating costs and improve profitability during the near-term macroeconomic environment.
Nineteen of the affected workers are part of a separate downsizing of Brooks’ life sciences operation in Oberdiessbach, Switzerland. Most of the attrition will be completed before the company’s fiscal fourth quarter (ending in September), the firm says in an SEC filing.
Together the two restructurings are expected to result in $2.4M-$2.8M in cash charges, most of that recognized in fiscal 4Q12 and almost all of that (90%) tied to the severance and RIF. Combined the actions should reduce annual operating expenses by about $11M annually (not including any restructuring charges).