Cynosure Cuts 60 Jobs
[Corrected 1/21/09, see below] Westford, MA-based Cynosure, which develops laser systems used in cosmetic surgery, announced today that it laid off 17 percent of its global workforce, amounting to approximately 60 people, at the end of 2008. The company said it expected these cuts and other spending reductions to save approximately $8 million to $10 million in 2009. We will be adding Cynosure to our Boston Tech Layoff Tracker.
Correction 1/21/09: This article originally stated that Cynosure had laid off 285 people. In fact, 285 is the number of employees remaining at the company. The actual number of layoffs was approximately 60, which amounts to about 17 percent of the company’s workforce prior to the cuts. We regret the error.