MedTech Dive July 17, 2024
Diagnostics is the largest industry represented in the data, with more than 5,000 affected positions, according to MedTech Dive’s analysis.
Medical device companies have been steadily cutting jobs for the past 18 months, eliminating thousands of positions as firms look to lower costs, close facilities or restructure businesses.
More than 14,000 employees in the device industry have been laid off since the start of 2023 or will lose their jobs in the coming months, according to Worker Adjustment and Retraining Notification filings analyzed by MedTech Dive.
The cuts are not limited to specific industries or larger companies with thousands of employees — medical technology firms of every size in numerous sectors have filed WARN notices across the U.S.
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