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BTI cuts work force in restructuring
Magnetic source imaging developer Biomagnetic Technologies ofSan Diego has implemented a restructuring that includes layingoff 16 employees. The firm said that it was taking the steps dueto "lower short-term market projections" for its
Magnetic source imaging developer Biomagnetic Technologies ofSan Diego has implemented a restructuring that includes layingoff 16 employees. The firm said that it was taking the steps dueto "lower short-term market projections" for its products.
BTI posted a series of losing quarters through 1996, due toshipment delays for its Magnes 2500 WH system. At the same time,however, it has also accumulated a record backlog.
BTI expects to complete development of Magnes 2500 WH in thenext several months, at which time it expects to let go another28 employees as an additional cost-cutting measure.
As part of the changes, Scott Buchanan has assumed the responsibilitiesof president from James Schumacher, who remains chairman and CEO.Buchanan also assumes the COO title.
New CT Angiography Study Shows Impact of COVID-19 on Coronary Inflammation and Plaque
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