ResMed

History

2023

Dismissal of employees due to lack of money

On October 26, 2023, ResMed, an American manufacturer of breathing improvement medical equipment, announced a reorganization during which the number of personnel will be reduced by about 5%. This decision is explained by the need to optimize operations against the background of lack of money in the context of a difficult macroeconomic situation and the crisis in the United States.

The changes were announced by ResMed CEO Mick Farrell. Restructuring is needed to reduce operating costs and ensure profitable growth in the long term, he said. The company halted some projects that fell short of expectations. At the same time, investments in digital healthcare, hardware and software development are increasing, which, according to management, is the key to success in the formed market environment.

ResMed Announces Reorganization

These changes have affected some of our divisions. We took actions that resulted in a 5% reduction in our global workforce. Solutions like this are never easy. However, we know we are doing the right thing, "Farrell states.

The exact number of employees dismissed is not disclosed. As of the end of January 2023, ResMed had a global staff of 10,140. Thus, more than 500 of them could lose their jobs. At the same time, the company announced changes in the management team. Justin Leong, who previously served as ResMed's president in Asia and Latin America, is becoming the new chief product officer. ResMed's president in Germany, Katrin Pucknat, is appointed marketing director. Mike Fliss, who served as vice president of North American sales, has been selected as chief revenue officer.^[1]

Buying Somnoware

On July 5, 2023, the manufacturer of medical devices for improving breathing ResMed announced the conclusion of a deal to acquire the firm Somnoware, a developer of specialized software for the healthcare sector. Read more here.

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