The orthopedic industry has long been a sought-after field, attracting individuals interested in orthopedic medicine. Many entered the orthopedics industry because of experience with an orthopedists as an athlete early in life.
Jobs have always been plentiful.
But things have changed.
Today, there are fewer jobs available for most people.
In this article, I will try to shed light on the evolving industry landscape and issue a warning to employees at all levels. While strong and resilient professionals may still find success, those who are complacent or lack the necessary skills may face a difficult road ahead.
The orthopedic industry is undergoing significant job reduction overall, as seen by these 5 trends:
1/ The Big Orthos are trimming their payrolls.
2/ The rash of recent acquisitions will eliminate 50% or more of the combined employees during integration.
3/ There is less capital available in the financial system and high interest rates. This leads to less risk taking and less investment in people.
4/ There is a new trend of doing more work with less employees. This is real. Ortho companies learned this during Covid.
5/ And finally, many ortho companies are going out of ...
