Jan 20, 2022

Jan 20, 2022 11:52am Acutus has developed a range of cardiac mapping technologies that allow doctors to better visualize heart function, helping them diagnose and treat atrial fibrillation and other arrhythmias. (Pixabay / PublicDomainPictures) Heart-mapping technology developer Acutus Medical has begun implementing a series of measures to slash tens of millions of dollars from its annual operating expenses, the company said Wednesday, with a round of layoffs included in those cost-cutting actions. Acutus didn’t say how many positions would be eliminated in its planned reduction in force. It did note, however, that the layoffs had to be preceded by a notice to the government and affected employees, as required by the Worker Adjustment and Retraining Notification (WARN) Act, which requires 60-day notice before employers lay off at least 50 workers. The WARN notice has yet to be made publicly available. “We have undertaken a detailed review of our strategic priorities, the external environment and cost structure and are restructuring the company to sharpen our focus and strengthen our financial position,” said CEO Vince Burgess. “While challenging, this restructuring is a critical step in positioning Acutus for the future, and we are committed to treating impacted employees with respect and support through this period of change.”