G Medical Innovations Holdings Ltd
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Health Care Providers & Services | Small Cap Value
Based in Cayman Islands
Company profile

G Medical Innovations Holdings Ltd. is a mobile health (mHealth) and e-health company. The Company is focused on the development of mHealth and telemedicine solutions and monitoring service platforms. It develops and markets clinical and consumer medical-grade health monitoring solutions and offers end-to-end support for e-health projects. Its product lines consist of its Prizma medical device, a clinical grade device that can transform any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators and Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography data continuously, including its QT Prolongation Syndrome Detection Capabilities Patch. Its monitoring services include the provision of independent diagnostic testing facilities and private monitoring services. It also develops wireless vital signs monitoring systems.

Closing Price
Day's Change
-0.75 (-45.18%)
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(Heavy Day)

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Cisco layoffs begin with hundreds of job cuts in California and more expected

4:06 pm ET January 5, 2023 (MarketWatch)

By Levi Sumagaysay

Cisco Systems Inc. has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley last month, according to filings with the state of California this week.

Cisco executives announced a "limited business restructuring" in November that they said would affect about 5% of Cisco's (CSCO) global workforce of about 80,000 which amounts to about 4,000 people. The filings with the state's Employment Development Department appear to be the first in California since that announcement.

The layoffs extend across many departments and include positions in software and hardware engineering, program management, product design, marketing and more. The number of employees affected at the company's San Jose, Calif., headquarters totals 371, while 222 employees are losing their jobs in nearby Milpitas and 80 employees are being cut in the company's San Francisco office, according to the filings with the state. The notices said employees were notified in early December and were given a choice of an effective termination date of either February 1 or March 13.

See: 'It was not sustainable or real': Tech layoffs approach Great Recession levels

Cisco is just one of many tech giants laying off workers as the industry -- along with others -- undergoes a downturn and in some cases reverses the hiring it did during the coronavirus pandemic. This week, Amazon.com Inc. (AMZN) announced that it would cut more jobs than previously thought, from 10,000 to 18,000, and analysts are calling for even more. And Salesforce Inc. (CRM) announced it would slash 10% of its workforce, or about 8,000 employees.

A spokesman for the networking products and systems company did not immediately return a request for comment Thursday.

Also: Opinion: Amazon cuts jobs to reset tech giant after monster growth in the pandemic, but investors still worried

-Levi Sumagaysay


(END) Dow Jones Newswires

January 05, 2023 16:06 ET (21:06 GMT)

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