Cognex says reducing 8% of its global workforce

Cognex announces significant cost-cutting measures.cognex corp - reduction in its global workforce of approximately 190 employees.cognex corp - ceo, rob willett, and chairman, robert shillman, decided to waive their salaries.cognex corp - board have waived their cash fees for remainder of year.cognex - expects to record a total restructuring charge of about $20 million, primarily in q2.cognex corp - expects to record a non-cash charge of between $15 million and $30 million in q2.cognex corp - cost actions, together with steps previously taken, are expected to result in annualized cost savings of approximately $25 million.
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