Which Companies Are Seeing the Biggest Headcount Reductions?

Overall, employment at the largest medtech companies has increased, but some companies are cutting workforce through divestment, such as Alere. Which other companies reduced headcout in 2014?

Arundhati Parmar

While employment at the llargest device companies are on an upward trajectory, there are some companies that have seen their headcounts fall in 2014.

A recent analysis by Evaluate MedTech, the publishing arm of market intelligence firm Evaluate, found that while the mega mergers helped boost headcount numbers, some companies shed businesses and thereby reduced their workforce.

According to that report, the biggest loser by number of staff cut was Alere, which trimmed its headcount levels by a whopping 7.800 when it divested some business units in a bid to turn itself around.

But which were the other companies has seen workforce reductions in 2014?

Name of Company           Number of Staff Cut      Percentage of Staff Cut           2014 Headcount

Alere                                              7,800                                44%                                       9,800

DJO Global                                      530                                 9.7%                                      4,940

Mindray Medical International         400                                  5%                                        7,500

Hologic                                            264                                 4.7%                                     5,351

Dentspyl International                     200                                 1.7%                                   11,600

Bio-Rad Laboratories                     150                                  1.9%                                     7,600

Sequenom                                     122                                   21.4%                                      448

Alphatec                                          50                                   10%                                         450

aap Implantate                                49                                   16.9%                                      241

Optos                                              44                                    10.1%                                      391

Arundhati Parmar is senior editor at MD+DI. Reach her at [email protected] and on Twitter @aparmarbb