Boston Biotech Jobs Cut with Acusphere
Wednesday, March 4th, 2009One company is planning to cut Boston biotech jobs.
Acusphere has announced its plans to cut 40 jobs, or about two-thirds of the company’s workforce. The company also plans to close its headquarters in Watertown, Mass., which will be consolidated with the facility in Tewsbury, and file to suspend reporting requirements to the Securities and Exchange Commission.
Following the recent round of job cuts, Acusphere will be left with only 20 workers, down from 118 last year. Included in the latest job cuts was CFO Lawrence Gyenes, and the company said it has no plans to replace that position.
