SciQuest Announces Another Round Of Layoffs
Posted June 27, 2001 2:31 a.m. EDT
MORRISVILLE — A local high-tech firm faces another round of layoffs.
is letting 130 people go, which is half of its remaining staff. All but 10 of those cuts will come from the Morrisville headquarters.
The company says the layoffs are necessary to increase its gross profit to keep investors happy. It is the third round of layoffs for SciQuest since November.