Cook Medical announced today that it will lay off 500 workers — about 4% of its global workforce.
In a message to employees posted on the Bloomington, Indiana–based medtech company’s website, Cook Medical President Pete Yonkman described the layoffs as the “most difficult decision we have had to make in support of our strategy.”
“The last several years have brought significant change to our customers, our supply chain, and the way we work,” Yonkman said. “To ensure that we are positioned to be successful in this new world, our global leadership teams have implemented a new five-year vision and strategic plan that were informed by extensive feedback from our customers, employees, and leadership teams.”
Impacted employees inside the U.S. will receive an email between 8 and 9 a.m. Eastern time tomorrow. Yonkman said senior leadership outside the U.S. would make sure employees would be notified as quickly as possible…