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Minute Insight: Cook Cuts 4% Of Its Global Workforce

 
• By Reed Miller

The Indiana company is the latest medtech firm to announce that it is making broad headcount reductions to cut costs.

Minute Insight
• Source: Informa/Alamy

Cook Medical, the privately held manufacturer of minimally invasive devices for about 60 different specialties, plans to lay off about 500 people worldwide – about 4% of its workforce – as part of a new five-year vision and strategic plan.

“This is a very hard choice, and not one that we have made without significant thought,” Cook President Pete Yonkman wrote in a 15 May memo to all employees....

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