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News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
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A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/A Medical Company Now Announces Unexpected Layoffs in California
Market News Today - A Medical Company Now Announces Unexpected Layoffs in California

A Medical Company Now Announces Unexpected Layoffs in California

By Frank Nez
May 1, 2024
2

A medical company now announces unexpected layoffs in California, continuing a run of job eliminations in the medical device industry.

Medtronic plans to lay off 44 employees at a facility in Carlsbad, California.

The company also plans to restructure and relocate certain operations at the Carlsbad facility, according to a Worker Adjustment and Retraining Notification filing with California.

The company did not specify in the notice which operations would be affected.

However, the layoffs are expected to take effect on or about May 19, or during a 14-day period that begins on that date.

The terminations primarily affect engineer roles but also include several technician and project management positions, reports MedTech Dive.

Factors may still influence the plans and timing of the employee separations, according to the WARN filing, which California’s Employment Development Department shared with MedTech Dive.

Medtronic said in an emailed statement that it continually evaluates global operations, which can lead to job cuts.

“Medtronic will follow fair, consistent processes and provide comprehensive transitional resources to impacted employees during this time,” a spokesperson wrote.

The Carlsbad cuts are Medtronic’s second planned layoffs made public so far this year.

In March, Medtronic told MedTech Dive up to 40 employees in Ireland could lose their jobs due to the company shutting down its ventilator business, which was announced ahead of a February earnings call.

After a long list of layoffs announced throughout 2023, the medtech industry has already disclosed hundreds of job cuts this year.

Zimmer Biomet had one of the largest planned eliminations, saying in February that it would cut its global workforce by approximately 3%, or about 540 employees.

Other medtech companies have also filed notable layoff plans, including Illumina, Globus Medical, Livanova and Baxter.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

Other Economy News Today

Market News Today - A Medical Company Now Announces Unexpected Layoffs in California.
Market News Today – A Medical Company Now Announces Unexpected Layoffs in California.

A popular Italian restaurant now announces an unexpected closure after nine years in business, according to an email sent to customers.

Italian Eatery, located in south Minneapolis, Minnesota, told its long-time customers that it planned to shut its doors.

The beloved restaurant, also known as ie, also plans to close its sister restaurant un dito, known for its Sicilian seaside street food, per The US Sun.

They have not announced a closing date but are expected to close between late May and mid-June, according to Bring Me The News.

“As we prepare to close our doors at ie and un dito, we’d like to extend a heartfelt invitation for you to join us for our final months of service,” an email to customers from Carrara $ Co. read.

“Gather with us at the table and let us reminisce over the incredible memories we’ve created together and cherish the moments shared over the past nine years.”

Italian Eatery has been a popular spot since its opening in 2016 and is known for its full-service drinks and dining near Lake Nokomis.

Un dito is a 400-square-foot space that specializes in sips and snacks or afternoon gatherings like you would see in Italy, according to its website.

The restaurant’s “Last Supper” reservations will be released every week and shared in weekly newsletters, according to its website.

“As always, we will continue to reserve walk-in tables at both ie + un dito for our beloved neighborhood,” the announcement read, according to the outlet.

Carrara & Co. also owns due, a focacceria and Italian market in St. Paul, Minnesota that the company calls “Italian Eatery’s spawn, aka quirky little brother,” according to its website.

Despite the Minneapolis closures, due will remain open.

“I’m pleased to inform you that all other Carrara & Co operations remain unaffected, including Due Focacceria, and we are even expanding our services,” according to a statement, reported by NBC affiliate KARE.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - A Medical Company Now Announces Unexpected Layoffs in California.
Market News Today – A Medical Company Now Announces Unexpected Layoffs in California.

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  1. Frank Nez says:
    May 1, 2024 at 10:40 pm

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  2. Frank Nez says:
    May 1, 2024 at 10:40 pm

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