Irvine, California-based Edwards Lifesciences, a medical technology company specializing in artificial heart valves and hemodynamic monitoring, has announced a 3 reduction in force following the sale of its Critical Care business to Becton, Dickinson for $4.2 billion.
Approximately 540 employees will be impacted by the layoffs.
CEO Bernard Zovighian noted, “It is always difficult when team members leave our company, We care deeply about our talented team and are committed to supporting employees through the transition. I am proud of our teams and our patients-first culture, and grateful for the contributions that have prepared us to be the leading structural heart innovator with a vision of improving the lives of millions of patients around the world.”
“For that reason, we carefully assessed our global resources, and determined that it was necessary to do a one-time right-sizing of the organization. As a result, we have thoughtfully realigned our resources and capabilities which will impact about 3% of our remaining global workforce.”
"We are proud of the special company Edwards is today. We have strong confidence in our long-term strategy and ability to deliver sustainable growth, and we have the vision and capabilities to achieve our goal of helping many more structural heart patients in need.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?