CareFusion Cuts Workforce

8/11/10Follow @bvbigelow

CareFusion, the Cardinal Health spinout that returned to its San Diego roots almost a year ago, says it’s laying off about 700 employees, or 5 percent, of its workforce, according to The San Diego Union-Tribune. That includes 180 of CareFusion’s 2,000 San Diego-based employees. CareFusion (NYSE: CFN) makes infusion pumps to deliver intravenous drugs to patients, ventilators, computerized dispensing systems, and other medical devices. CEO David Schlotterbeck told analysts during a fourh-quarter earnings call that the cuts “essentially flattens the organization and reduces our infrastructure.”

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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