Cook Medical announced today that it will lay off 500 workers — about 4% of its global workforce. In a message to employees posted on the Bloomington, Indiana–based medtech company’s website, Cook Medical President Pete Yonkman described the layoffs as the “most difficult decision we have had to make in support of our strategy.” “The […]
Layoffs
Here’s MassDevice’s medtech layoffs tips line
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Invacare lays of 75, shuffles sales deck
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 […]
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. […]
