CareFusion Cuts Workforce

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: [[ticker: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.”

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.