Medtech firms have cut thousands of workers in the last two years, leaving employees wondering what’s to come in 2025. In the past two months, DNA testing company 23&Me announced plans to cut 200 jobs, orthopedics firm Smith & Nephew announced plans to cut 150 jobs and diabetes tech firm Embecta said it would cut 125 positions after discontinuing its insulin patch pump program. A MedTech Dive analysis found that there have been more than 14,000 layoffs across the industry from January 2023 to mid-2024. Profitability pressures, mergers and strategic shifts have driven the cuts, industry experts said.
Read the full article: Medtech Firms Have Cut Thousands of Jobs This Year. Will Layoffs Continue in 2025? //
Source: https://www.medtechdive.com/news/medtech-layoff-trends-job-cuts-2025/735894