TomoTherapy lays off 12%

AuntMinnie.com staff writers
Dec 18, 2008

Radiation therapy developer TomoTherapy of Madison, WI, has laid off 12% of its work force.

The company said that the reduction will generate savings of $5.4 million in 2009. TomoTherapy will incur a one-time charge of $1.8 million in the fourth quarter of 2008 for severance payments.

TomoTherapy said the layoffs were due to slowed company growth from economic conditions. The company had 721 employees as of September 30.

Related Reading

TomoTherapy president to retire, December 12, 2008

TomoTherapy appoints global sales VP, November 25, 2008

TomoTherapy investor urges sale of firm, November 20, 2008

TomoTherapy buys Chinese linac firm, November 5, 2008

TomoTherapy to develop mobile radiation therapy service, September 23, 2008

Copyright © 2008 AuntMinnie.com

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