Zebra Printing Tech announces layoff
Headquartered in Lincolnshire, Illinois
- Maker of thermal label and wristband printers, primarily for healthcare vertical
- “Late in the second quarter, we began to experience a more broad-based moderation of demand across many of our core offerings”
- Announced it will let go of 700 employees
- Will cost the company $45 million in severance and benefits
- “difficult demand environment”