Biolase cuts 20 percent of workforce

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http://www.EmploymentCrossing.com Biolase, a dental-laser company in Irvine California, is cutting 20 percent of its work force as a cost-saving measure. Biolase cut its quarterly costs by 20 percent, or $ 2 million. This year, Biolase minimized its losses. At the end of the third quarter, it had a $3.8 million loss, or a loss of 16 cents per share. A year ago, Biolase had a loss of $6.1 million, or 26 cents per share. According to Biolases Chief Executive "In the short-term, this creates a leaner organization that is better equipped to absorb the potential impacts of a weaker economy and capital equipment marketplace,"
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