MedTech Dive February 8, 2024
A spokesperson told MedTech Dive that the company will lay off about 3% of its workforce as part of a restructuring.
UPDATE: Feb. 8, 2024: Zimmer Biomet will cut about 3% of its global workforce, a company spokesperson said in an email. That’s the equivalent of about 540 positions from more than 18,000 total employees.
“We will be reallocating investments and resources to best position the Company for long-term growth,” the spokesperson said.
In addition to the current restructuring, Zimmer had had global restructuring programs in 2019 and 2021.
Zimmer Biomet began a restructuring strategy in late 2023 that includes job cuts and other cost-reduction measures to improve its margins, company executives told investors on Thursday.
The Warsaw, Indiana-based orthopedics...
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