Though COVID-19 testing declines continue to negatively affect lab industry profits, the latest figures suggest the worst may be over.
An overview of the layoffs announced by major lab diagnostic companies in the first half of 2023 and the key trends.
In the first half of this year, US companies have cut the second-highest total of jobs since 2009, according to a recent report.
Yet, despite these declines, Q1 was neither as bad as expected nor totally devoid of positive signs for the future.
The wave of layoffs, which began last year with the declines in COVID-19 testing sales, has gathered momentum in 2023.