Olympus lets 2,000 staff go in endoscopy restructuring initiative [Yahoo! Finance]
JAPAN EXCH GRP UNSP/ADR (JPXGY)
NASDAQ:AMEX Investor Relations:
jpx.co.jp/english/corporate/investor-relations
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Source: Yahoo! Finance
Through this strategic alignment, the Japan-based medtech will be making Y24bn ($155.8m) in run-rate savings, and will lay off 2,000 staff across its global workforce, as noted in a 7 November company statement. The changes, which will come into effect in FY2026 and FY2027, will also “expand managerial spans of control” through the simplification of Olympus' business operations, which the company claims will allow for clearer accountability within its endoscopy operations. In the statement, Olympus president and CEO Bob White noted that the jobs cuts would “enhance the company's agility” while allowing the company to make “bold investments in the next generation of medical technology”. Alongside its planned job cuts, Olympus has shuffled its leadership team, naming previous executive officer and gastrointestinal solutions head, Frank Drewalowski, as the CEO's senior adviser. Drewalowski will now support White, who joined the company in June 2025 following his time as executive
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