Tampa, Fla.-based Laser Spine Institute laid off approximately 70 employees, according to Tampa Bay Times.
Here are four observations:
1. The layoff represented a 6 percent decrease from the institute's 1,200-employee workforce.
2. Laser Spine Institute commented the company needed to streamline its operations and prepare for long-term growth.
3. The job cuts occurred across various company functions.
4. Laser Spine Institute has locations in Arizona, Pennsylvania, Oklahoma, Ohio and Missouri, in addition to its Tampa-based headquarters.