Thread regarding Accuray Inc. layoffs

Accuray, a provider of radiation therapy devices, is laying off approximately 5.9% of its global workforce as part of a drive to cut costs, according to a Thursday filing with the Securities and Exchange Commission.
The company, which employed 1,024 people at the end of June, delivered fourth quarter results and an outlook for the coming year that fell short of analyst expectations in August, causing its share price to fall.
Accuray told investors on an August earnings call that margins were “temporarily challenged” in the fourth quarter but that “pricing actions” were starting to improve the situation. Since then, the company has decided to cut costs.