Tela Bio is reducing its workforce by 41 employees as part of a new CEO's $17 million cost-saving initiative. This restructuring will decrease the company's full-time staff from 201 to 160 individuals. The company anticipates these changes will lower annual operating expenses by approximately 18 percent. These moves come as the medical technology firm reported increased revenue but a wider net loss. The new CEO, Heather Getz, aims to create a more efficient organization for long-term growth.
Malvern, Pennsylvania
https://vista.today/2026/09/tela-bio-malvern-layoffs/