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Acutus Medical to Cut 70% of Employees to Meet Medtronic Obligations

Dec 05, 2024•over 1 year ago

Contract Type

contract

CarlsbadHealthcare

Description

Acutus Medical has announced plans to cut approximately 70% of its employees and reduce operations in order to solely support the obligations of its deal with Medtronic for left-heart access devices. The company expects to complete the layoffs in the first quarter of 2025, with an anticipated cost range of $1.4 million to $1.8 million.

Company Information

Company

Acutus Medical, Inc.

Location

2210 FARADAY AVE

Carlsbad, New Mexico, United States

About

Acutus. Getting to What's Real. Get to What's Real. For Patients With Complex Cardiac Arrhythmias.

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