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Neuromodulation Layoffs

Discussion in 'Medical Equipment/Device Sales-General Discussion' started by MedTechGuru, Nov 22, 2019 at 12:47 PM.

  1. MedTechGuru

    MedTechGuru new user

    Nov 22, 2019
    Likes Received:
    Can anyone shine some light on the recent talk of layoffs in the Neuromodulation sector for Abbott, Medtronic, and Nevro? Any merit to the rumors?

    Earnings reports have highlighted some underlying challenges, seemingly for all players (ABT, MDT, BSX, and NVRO). Nuvectra filled for Chapter 11 and is in process of laying off most of the field organization, and many saw that coming. Are we looking at consolidation in the space like we saw in CRM many years back?

    Thanks All.