Johnson & Johnson China Cuts 20% of Workforce, Primarily in Surgical Division
TMTPOST -- Johnson & Johnson China has reportedly laid off 20% of its workforce, with the majority of the cuts affecting its surgical division. The layoffs, which involve multiple product lines, are accompanied by severance packages offering compensation formulas of "N+1," "N+2," and "N+3," depending on the employee's tenure.
Affected employees were notified via email, with one employee confirming that their departure is set for the end of this year. While Johnson & Johnson has implemented workforce optimizations in recent years, this latest round of cuts is linked to broader structural adjustments, affecting a wider range of departments.
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