Labcorp Plans Layoffs at Newly Purchased Lab in Cost-Cutting Move
Monday, 9 September 2024, 18:53
Cost-Cutting Strategy at Labcorp
Labcorp has announced plans for layoffs at its recently acquired Holladay Park laboratory, signifying a strategic move in its cost-cutting initiatives. The facility, which saw an investment of $20 million in its establishment in Northeast Portland in 2016, will persist in operations for anatomic pathology and inpatient microbiology tests, while all other services will be reduced significantly.
Operational Adjustments
- The Holladay Park lab will focus on core testing areas.
- Cost management remains a priority for Labcorp.
- Layoffs are expected to streamline operations and enhance efficiency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.