Thermo Fisher is closing three facilities in the San Diego area in its third round of layoffs in California in recent months. Also, about 218 employees will be negatively impacted.
“Thermo Fisher invested heavily in supporting the global response to COVID over the last three years. As COVID moves from pandemic to endemic, we must adjust to meet current market demands. The company decided to discontinue sales and operations from the three facilities and consolidate its footprint because it does not expect customer demand for COVID-19 testing products to return to previous levels. The three sites facing closure include Carroll Park Drive, Kearny Villa Road, and Cornerstone,” says a spokesperson for the firm.
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Thermo Fisher said last month that its first-quarter sales were down 9%, and its net income was down 41% from the same period in 2017.
Also, the company had notified the state about the possible termination of these responsibilities.
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Thermo Scientific’s tools, gear, tech, services, and consumables meet a variety of purposes, from sample characterization to chemical analysis to clinical diagnosis and the production of biologically based medicines.
The healthcare industry was among the most badly hit during the pandemic. The industry has made significant progress since then. But specific challenges and layoffs continue.