Agilent Technologies Layoffs Job Cut: fires 2700 employees: Finance Trading Times

Agilent Technologies Layoffs Job Cut: fires 2700 employees

It was in January when we had reported about a Agilent Technologies Layoffs Job Cut. Now again, The news is from Agilent Technologies which has gone for layoffs. The news is not good for the employees of Agilent Technologies as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Agilent Technologies. Agilent Technologies Logo

How many employees may be fired in the Agilent Technologies layoffs?
As per the reports, there may be around 2700 job cuts by the company. Already 1100 employee have been fired and since December 2008, the total no. of layoffs by the company now total to 3800.

What is the total no. of employees of Agilent Technologies ?
It is reported that job cuts constitute 20 percent of the total employees. Going by that calculation, the total No. of employees of Agilent Technologies is 62,000 as of now.

What will be the cost and savings by Agilent Technologies layoffs?
As per Indiatimes, Agilent is cutting annual costs by $300 million in its electronic-measurement segment and by $10 million in its chip and board test segment. The costs for layoffs are expected to be 160 million USD.

When will the Agilent Technologies layoffs happen?
As per the reports, the layoffs are already underway.

Which locations and department of employees will be affected by the Agilent Technologies layoffs ?
No info is available location wise.

What is the primary reasons for Agilent Technologies layoffs?
Low predictions for revenue in the coming months, almost a 30 percent drop in revensues from electronic-measurement segment is painting a bleak picture for the company, hence the layoffs and cost cutting measures.

Any other news about Agilent Technologies layoffs
As per IndiaTimes, The company will also suspend share buybacks for the rest of its fiscal year
Let's hope that alternative jobs are available to the affected employees of Agilent Technologies Layoffs Job Cut
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