Hologic Inc
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Health Care : Health Care Equipment & Supplies | Mid Cap Value
Company profile

Hologic, Inc. is a developer, manufacturer and supplier of diagnostics products, medical imaging systems, and surgical products focused on women's health and well-being through early detection and treatment. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. Its Diagnostics segment offers a range of diagnostics products, such as ThinPrep cytology system, and the Rapid Fetal Fibronectin Test. Its Breast Health segment offers a portfolio of solutions for breast cancer care, primarily in the areas of radiology, breast surgery, pathology and treatment. The GYN Surgical segment offers a range of products, such as NovaSure Endometrial Ablation System, MyoSure Hysteroscopic Tissue Removal System and Fluent Fluid Management system as well as its Acessa ProVu laparoscopic radiofrequency ablation system. The Skeletal Health segment offers products such as the Horizon DXA, a dual energy x-ray system, and the Fluoroscan Insight FD mini C-arm.


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More than 197,000 tech-sector employees have lost their jobs since the start of 2023

5:01 pm ET May 17, 2023 (MarketWatch)

By James Rogers

2023 has already surpassed 2022 for global tech redundancies

More than 197,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.

The website's tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January.

The data show that 2023 has already surpassed 2022 for global tech redundancies, with 685 tech companies laying off 197,756 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

Related:Vodafone plans 11,000 job cuts and forecasts cash-flow decline

Companies in tech-adjacent sectors have also been making job cuts. On Tuesday, U.K.-based mobile operator Vodafone Group said it planned to cut 11,000 jobs and forecast a cash-flow decline. The workforce reduction will take place over the next three years and will affect staff both at the company's headquarters and in local markets, according to a statement released by Vodafone.

"Our performance has not been good enough. To consistently deliver, Vodafone must change," Margherita Della Valle, Vodafone's chief executive, said in the statement. "My priorities are customers, simplicity and growth. We will simplify our organisation, cutting out complexity to regain our competitiveness," she added.

Last week, Microsoft Corp. (MSFT)-owned LinkedIn announced plans to cut its workforce by more than 700 employees. The company is also getting rid of its local jobs app in China. "As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization (GBO) and our China strategy that will result in a reduction of roles for 716 employees," LinkedIn CEO Ryan Roslansky wrote in an email to the company's employees that was also posted on the company's website.

Related: LinkedIn to lay off 700 workers and shut down its China app

LinkedIn has more than 19,000 employees, according to its website.

Other big-name tech companies have also been making cuts. Facebook parent Meta Platforms Inc. (META) began another round of layoffs in April, cutting technical positions, according to LinkedIn posts. Meta is in the midst of cutting 21,000 jobs.

"So far we've gone through two of the three waves of restructuring and layoffs that we had planned for this year -- in our recruiting and technical groups," Meta CEO Mark Zuckerberg said during a conference call to discuss the company's first-quarter results on April 26. "In May we're going to carry out our third wave across our business groups."

Related: Meta set for next round of layoffs

Zuckerberg has previously described 2023 as a "year of efficiency" for the company.

Amazon.com Inc. AMZN conducted layoffs in Amazon Web Services and in its human-resources department, the company said in late April.

And in March, Electronic Arts Inc. (EA) announced its intention to slash 6% of its workforce as the videogame publisher looks to cut costs. Streaming-media company Roku Inc. (ROKU) also disclosed that it would lay off 200 employees as part of a cost-cutting plan.

Related: Meta begins cutting technical jobs in latest round of layoffs

A host of tech companies, including Amazon.com Inc., Palantir Technologies Inc. (PLTR), Twilio Inc. (TWLO), DocuSign Inc. (DOCU), Salesforce Inc. (CRM), SAP (SAP.XE), Zoom Video Communications Inc. (ZM), eBay Inc. (EBAY), Dell Technologies Inc. (DELL), PayPal Holdings Inc. (PYPL), International Business Machines Corp. (IBM), Intel Corp. (INTC), Microsoft Corp. (MSFT), Spotify Technology (SPOT) and Google parent Alphabet Inc. (GOOGL) (GOOGL) have also announced job cuts in 2023.

Since Elon Musk took control of Twitter last year, the San Francisco-based company has also made significant layoffs. In March, Musk described laying off almost 6,500 people, or 80% of the company's workforce, as "painful" and "one of the hardest things" he has had to do. Twitter's headcount now stands at 1,500 people, according to Musk.

Additional reporting by Jon Swartz, Anviksha Patel and Mike Murphy.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 17, 2023 17:01 ET (21:01 GMT)

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