Multiple spine and orthopedic medical devicemakers have reduced their workforce this year.
Here are three devicemakers that have laid off staff in 2024, as reported by Becker's since Jan. 26:
1. Medtronic laid off 44 employees from its Carlsbad, Calif.-based facility in March. Then, in May, it had another round of layoffs, which let go an undisclosed number of employees as part of ongoing restructuring efforts.
2. Zimmer Biomet laid off 3% of its back office workforce as part of a global restructuring in February. The company said its restructuring strategy is expected to save it $200 million by 2025.
3. NuVasive laid off 157 employees at its San Diego headquarters in January, and permanent layoffs went into effect in March. NuVasive said the layoffs were part of companywide organizational restructuring.