Is the notorious medical device excise tax to blame? How about Obamacare? A hangover from the Great Recession? Austerity in Europe? CEO needs a new yacht?
In any event, it’s alarming to note, in an industry as robust and historically profitable as medical devices, that 40% of medical device industry professionals polled are either out of work or in a panic about their job security.
“… the byproduct of these seemingly endless medical device industry layoffs may just be the emergence of a culture of fear and a host of new problems with which companies may now have to contend.
Job cuts are cutting deep, and medical device companies need to work on healing that gaping wound for the health of the industry.”
Heads up, startup execs. You may be looking at a pretty deep talent pool as you go to market.