Mesa Laboratories to Lay Off 40 Positions; Targets $9.3 Million Annual Cost Reduction

08:59 AM EDT, 10/13/2026 (MT Newswires) -- Mesa Laboratories (MLAB) is eliminating 40 positions, or 6% of its workforce, under a restructuring program as it targets cutting annual operating costs by $9.3 million, the company said Tuesday. The restructuring program is expected to result in pre-tax charges of $2.6 million to $3.4 million, primarily during fiscal H2 2027, the company said. The job reductions, expected to be completed by fiscal H1 2028, mainly affect the company's clinical genomics division, with additional cuts in corporate functions, it said. Mesa will reinvest $4.3 million of the targeted annual savings into the business, including adding commercial resources in Asia, the company said. The company's savings plan will also result in shrinking its San Diego, California, facility and reducing its third-party spending, it added.