Solventum cuts 800 positions [Yahoo! Finance]
Thermo Fisher Scientific Inc (TMO)
Last thermo fisher scientific inc earnings: 4/22 06:00 am
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Source: Yahoo! Finance
Solventum, the 3M healthcare spinoff, eliminated 800 positions as part of a restructuring strategy to help fuel growth. CEO Bryan Hanson, in an investor day presentation last week, said the restructuring plan would save the company $120 million annually and require a one-time cost of $120 million. The plan, called the “Solventum Way,” was announced in December. “We wanted to shift where we were focused from a team perspective,” Hanson said of the job cuts, “and we will continue to focus on optimizing our organizational structure to ensure that we're driving margin, not just revenue growth.” Executives did not go into detail about the job eliminations during the investor event. Solventum did not comment on questions from MedTech Dive regarding where in the U.S. or globally the cuts took place and whether they were connected to facility closures. The Minnesota Star Tribune reported Thursday that 110 positions were eliminated in Minnesota, where Solventum is headquartered. Minne
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TMO
Earnings
- 10/22/25 - Beat
TMO
Sec Filings
- 12/11/25 - Form 4
- 12/8/25 - Form CERT
- 12/8/25 - Form CERT
- TMO's page on the SEC website