Agilent To Cut Another 2700 Jobs

Santa Clara-based Agilent Technologies (A: 29.21 +3.25%) announced today that it is making yet another round of cuts. It will be cutting 2700 jobs, which is about 14% of its workforce. The group where the cuts will be made has seen a reported 30% drop in business. In a statement, the CEO also indicated that

business remains severely depressed, and there are no prospects for a meaningful recovery in the foreseeable future

This is the third round of layoffs for the company since December.

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