Lionbridge Technologies (NASDAQ:[[ticker:LIOX]]), a Waltham, MA-based provider of software for language translation and other services, will lay off 325 employees or 8 percent of its workforce and consolidate several global operations as part of a restructuring plan, according to a regulatory filing. The plan is expected to save the company $6 million to $9 million in 2009 and result in later annual cost savings of $18 million to $20 million. Wade wrote last year how Lionbridge’s leadership position in the translation software business hasn’t translated into profits for the company. The job cuts at Lionbridge have been added to our Boston Tech Layoff Tracker.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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