My old employer, Milpitas based LifeScan, a Johnson & Johnson company, has asked some more people to leave. This is sad, as unlike startups, most people at LifeScan have been here for a large number of years, sometimes a couple of decades.
The layoffs are only partially related to the economy; the first factor is that LifeScan is slowly moving more functions across the ocean, to Switzerland. And the second factor is a reflection of the changing face of diabetes, and diabetes testing. The entire diabetes market is growing at a slower rate, and most companies and patients are now eager to move to continuous blood-sugar monitoring, instead of the episodic monitoring that is currently used.
LFS is a $2 Billion company, and has a lot of brilliant minds leading it. Here's wishing them the best.
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