Medical devices companies in 2012: The year of the layoff
December 31, 2012 by MassDevice staff
Medical devices made a lot of headlines in 2012, and the word "layoffs" was in many of them.
4. Medtronic to cut another 500 jobs in hopes of saving $125M per year
Medtronic gets half-way through a 2012 restructuring plan, expecting to cut another 500 positions in hopes of saving up to $125 million per year.
3. Stryker on track for 1,000 layoffs ahead of medtech tax
Stryker stays on track for the 5% workforce reduction that the company said it would conduct before the end of 2012 in anticipation of a $150 million tab for compliance with the medical device tax taking effect January 1.
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