Medtech firms have cut more than 14,000 jobs in the past 18 months

Medical device companies have been steadily cutting jobs for the past 18 months, eliminating thousands of positions as firms look to lower costs, close facilities or restructure businesses.

More than 14,000 employees in the device industry have been laid off since the start of 2023 or will lose their jobs in the coming months, according to Worker Adjustment and Retraining Notification filings analyzed by MedTech Dive.