Thread regarding Varian Medical Systems Inc. layoffs

Varian Medical Systems Had Some Layoffs Last Week

Varian Medical Systems laid off several installers last week as business is dwindling and supply lines from China are disrupted. They also stopped 401K contributions and implemented a pay freeze for the next year. They are also freezing all new hiring. Looking for a few bad quarters as there is some rumors of an FDA audit as well as it seems Varian is not installing and servicing the equipment properly. Might be a time to short sell the stock.

| 4192 views | | 2 replies (last July 13, 2020)
Post ID: @OP+15PRU3E8

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California Warn Notice

07/01/2020 09/01/2020 07/06/2020 Varian Medical Systems Palo Alto Santa Clara County 101 Layoff Permanent

Post ID: @6ehp+15PRU3E8

I heard the same thing. Looks like it is going to be a rough quarterly report. So much for sending manufacturing offshore to save money and maybe they should bring it back to the USA to avoid the ongoing quality issues too!

Post ID: @4bms+15PRU3E8

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