Zimmer Biomet Cuts 3% Of Its Staff To Save $200m A Year

The cuts will cost up to $150m, but the orthopedics company expects to save $200m annually by the end of 2025. The company also announced plans to reduce inventories to prevent excess and obsolescence.

Concept of reorganization or restructuring with businessmans hands facing a group of messy plastic blocks on his desk
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Zimmer Biomet launched a global restructuring program in late 2023 that will reduce its staff by approximately 3%, the company announced on 8 February.

Zimmer Biomet employs about 18,000 people worldwide, so the cuts will affect more than 500 people.

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