"Acusphere slashes 24 jobs, to cut managers' pay 10%
Acusphere Inc. said it cut 24 jobs, or nearly one-quarter of its workforce, and plans to slash salaries for senior managers by at least 10 percent. The Watertown pharmaceutical company said it is trying to reduce costs, while waiting for the Food and Drug Administration to approve its experimental drug, Imagify, which is designed to help doctors use ultrasound to detect coronary artery disease. After the cuts, the company estimates it will have enough cash to continue operating through nearly the end of the year. The company currently has 77 employees. (Boston Globe July 29, 2008)."
And beyond that?
Only if you get a tax subsidy, right?
Whatever, guv!
