Novozymes elected to cut almost 200 jobs so as to shift resources to high-growth emerging markets as it unveiled financial results that showed a slowdown in its annual organic sales growth rate. The company said that it would lay off 198 employees, including 62 in Denmark. The job cuts, due to occur on January 18, 2017 and January 19, 2017, come as the company 'allocates additional resources to high-growth opportunities, primarily in emerging markets, while safeguarding profitability'.