Retractable Technologies is the latest medtech company to signal the potential impact of tariffs imposed by the Trump Administration. Sweeping tariffs recently announced by the Trump Administration — then paused this week for at least 90 days — have created a stir in the industry. Medtech trade group AdvaMed praised the decision to suspend the […]
Retractable Technologies
Layoffs in medtech: These companies recently reduced their workforce
Medtech layoffs are picking up as 2024 draws to a close. Sean Whooley, Associate Editor, and Chris Newmarker, Editor-in-Chief The medical device industry is closing out the year with a fresh round of layoffs. At this point, MassDevice has reported on more than 22,000 medtech job cuts across the industry since mid-2022. (Have a tip […]
Retractable Technologies downsizes workforce
Retractable Technologies this week announced that it has reduced its workforce by 16% due to the completion of its facility expansion efforts — and the completion of U.S. government orders related to COVID-19 vaccines. The staff reduction will affect the Little Elm, Texas-based company’s production, operations and logistics departments. Retractable Technologies said in an SEC […]
