Invacare (NYSE:IVC) said yesterday that it’s planning to lay off nearly 2% of its workers and named new leaders for its North American sales operation. The Elyria, Ohio-based wheelchair maker said it laid off 75 workers, or about 1.8% of its workforce, in North America and Europe; as of Dec. 31, 2018, the company had 4,200 […]
Layoffs
Conformis to lay of 10% of workforce
ConforMIS (NSDQ:CFMS) said yesterday that it plans to lay off about 10% of its workforce as it aims to put black ink in the ledger in 2021. Billerica, Mass.-based ConforMIS, which makes customized knee and hip implants, had 350 employees as of Feb. 28, according to a regulatory filing. The cuts are expected to cost about […]
Layoffs likely ahead at Henry Schein in latest move
Henry Schein (NSDQ:HSIC) said yesterday that it’s planning more changes for its business after announcing the spinout of its animal health business and a joint venture for its dental software operation earlier this year. In a terse regulatory filing yesterday, Melville, N.Y.-based Schein said it’s “committed to an initiative to rationalize its operations and provide […]
IBM confirms layoffs at Watson Health
International Business Machine (NYSE:IBM) confirmed reports from last month of layoffs, but denied that the cuts affected 50% to 70% of the workforce at its Watson Health operation. The layoffs were said to involve Cleveland-based Explorys and Dallas-based Phytel, which IBM acquired in April 2015 for undisclosed amounts. Employees at medical image and clinical systems company Merge Healthcare, acquired for $1 billion in December […]
Report: IBM Watson Health slashes workforce
International Business Machine (NYSE:IBM) reportedly laid off 50% to 70% of the workforce at its Watson Health operation, primarily at recent acquisitions for which the tech giant paid at least $3.6 billion. The layoffs, according to a May 25 report in The Register, involve Cleveland-based Explorys and Dallas-based Phytel, which IBM acquired in April 2015 for undisclosed amounts. Cleveland […]
Layoffs begin for Philips Healthcare at Cleveland plant
Layoffs are under way in Cleveland at a manufacturing plant run by healthcare business at Royal Philips (NYSE:PHG), with a total of 144 positions cut in February and April. Some 382 of the company’s 850 Cleveland-area jobs will ultimately be eliminated at the plant, which makes computed tomography scanners, a spokesman told Cleveland.com. The Dutch healthcare giant said […]
Shift to R&D prompts Philips Healthcare to shutter manufacturing at Cleveland imaging plant
The healthcare business at Royal Philips (NYSE:PHG) said last week that it plans to shutter manufacturing operations at a Cleveland plant that makes computed tomography scanners as part of a $600 million R&D initiative. The Dutch healthcare giant said Feb. 9 that it also plans to invest in a service training program in Cleveland. Manufacturing […]
Another round of layoffs ahead for Invacare
Invacare (NYSE:IVC) said yesterday that it plans to lay off about 2.4% of its workforce, with all of the cuts coming in North America. The Elyria, Ohio-based company said it plans to pare 110 positions, aiming to create $8.5 million in annual pre-tax savings as part of a “strategic transformation.” Invacare reported 4,600 employees worldwide as of […]
Medtronic, Halyard Health’s Corpak to lay off 266 in Illinois
Medtronic (NYSE:MDT) and Halyard Health (NYSE:HYH) subsidiary Corpak MedSystems are planning to lay off a collective 266 workers in Illinois as they each close a plant there. Fridley, Minn.-based Medtronic told the Illinois Commerce Dept. that it’s shuttering a distribution facility in Joliet, meaning job cuts for the 185 workers employed there. The layoffs are slated to begin Sept. […]
Report: Medtronic misses Memphis jobs target despite tax break pledge
Medtronic (NYSE:MDT) has reportedly increased its workforce at its spine business in Memphis by only 14.3%, despite pledging 11 years ago to a 49% increase to win $20 million in local tax breaks, but far exceeded investment and wage commitments. Back in 2006, Fridley, Minn.-based Medtronic promised to boost its local employment from 1,225 workers […]
Report: Layoffs ahead for Medtronic Spine in Memphis
Medtronic (NYSE:MDT) is reportedly planning an unspecified number of layoffs among the 1,300 workers it employs at its Medtronic Spine operation in Memphis. “Medtronic operates in a highly competitive environment, and transformation is an inherent part of our business. We continually adjust as necessary to deliver operational and functional excellence, drive growth, and strengthen our […]
