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ResMed Lays Off 5% Of Work Force Amid Strong First-Quarter Results For Fiscal Year 2024

 
• By Marion Webb

ResMed’s reported a 16% rise in first-quarter fiscal year sales and 5% cut of its workforce amid restructuring of parts of its business.

ResMed, Inc. said it will lay off 5% of its global workforce and restructure parts of its business.

This comes as the sleep device maker continues to benefit from competitor Philips Healthcare's significant recall and launch of its new flagship product, AirSense 11, but is also taking actions to “accelerate profitable growth

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