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Delcath lays off 33% of its employees

Wed, 10/09/2013 - 2:25pm
Mass Device

Troubled medical device maker Delcath cuts 33% of its workforce in hopes of saving some cash.

Delcath lays off 33% of its employees

Medical device company Delcath (NSDQ:DCTH) fired 33% of its workforce, amounting to 21 employees , as the company looks for avenues to save some cash and "increase operating efficiencies".

As of the end of last month Delcath had about $28 million in cash and cash equivalents, and the new restructuring efforts are expected to help the company save about $10 million per year, according to a press release.

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