I have not heard that at all and have a family member that works in consumer. The numbers in consumer have been really bad for a long time so cuts might be an option. There has been no recovery since the disaster at Fort Washington under BW and CG.
But if the company wants to save money the should jettison the morons running Depuy and Synthes and most of that businesss too. Synthes has to be the worst acquisition in the company's history. Ethicon covers their messes and that is getting old.