I’ve worked in the medical device industry my whole career and something is definitely up. Traditionally, the environment is hard core, work until you bleed, into the weekends, during Christmas dinner- do whatever it takes to make the numbers. For the last 6 months to a year, maybe longer, my company, along with almost every other one I know of is dealing with backorders... and no real plan to address them, as if it doesn’t matter. Aside from the constant corporate wokeness factor, I received CEO messaging that basically says to take Fridays off now. I have a friend at a competitive company who was recently given similar instructions to work less. Its as if we are winding down and preparing to close the doors. What’s going on?
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Ah, then that's a different story.
With all of the talk surrounding the gov't being able to confiscate assets of corporations for certain illegal actions on their part, one has to wonder if the CEOs in the medical device industry have also been up to no good, and now see the handwriting on the wall. There would be no reason to make big money if it is only going to be taken away.