Layoffs, Medical imaging, Economy

140 Layoffs at Analogic

Wade Roush 1/28/09

Peabody, MA-based medical imaging and airport security company Analogic (NASDAQ: ALOG) said today that it will reduce its global workforce by 140 positions, or about 9 percent, in response to declining demand for capital equipment among healthcare organizations. The company said the cuts would save $9.6 million annually. We will update the Boston Tech Layoff Tracker accordingly.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.