Medical-device firm Boston Scientific said it will cut 2,300 jobs, or 8 percent of its workforce, as part of a bid to trim $500 million in annual operation costs. Much of the company’s financial problems occurred after its mid-2006 purchase of Guidant, which just recalled wires from its core defibrillator product line. (AP in USA Today)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'Will growth slow, or is the economy about to fall off a cliff?'Instant Opinion Opinion, comment and editorials of the day
-
Senate passes FAA bill with new consumer protectionsSpeed Read The legislation will require airlines to refund customers for flight delays
-
Trump pledged pro-oil policy to CEOs, asked for $1BSpeed Read The former president promised to reverse Biden's environmental regulations if elected
