MedTech Dive March 26, 2025
CEO Bryan Hanson told investors last week that the restructuring plan would save Solventum $120 million annually.
Solventum, the 3M healthcare spinoff, eliminated 800 positions as part of a restructuring strategy to help fuel growth.
CEO Bryan Hanson, in an investor day presentation last week, said the restructuring plan would save the company $120 million annually and require a one-time cost of $120 million. The plan, called the “Solventum Way,” was announced in December.
“We wanted to shift where we were focused from a team perspective,” Hanson said of the job cuts, “and we will continue to focus on optimizing our organizational structure to ensure that we’re driving margin, not just revenue growth.”
Executives did not go into detail about...
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