FEBRUARY 20, 2023 — RESTRUCTURING WITH A 10% REDUCTION IN FORCE
The reduction in force targets approximately 1,500 employees.
Simon Campion, Dentsply CEO, noted, “The actions we are planning follow our comprehensive review of the business and will enable Dentsply Sirona to improve its execution, build a winning portfolio, return to growth, and generate consistent returns. We are acting with urgency to implement this operating model, which we believe will drive overdue organizational integration and improve organizational accountability and efficiency.
“While actions that impact our team are difficult, I am confident that this plan, along with anticipated outcomes from other workstreams, will set Dentsply Sirona on a trajectory to achieve stronger, more predictable results and add significant value for all stakeholders.”
NOVEMBER 21, 2018 — Original post…
York, Pennsylvania-based Dentsply Sirona, one of the largest manufacturers of dental equipment and consumable supplies, is planning to reduce the headcount at its York headquarters. If new employees are to be hired, it appears that the company has decided to add those positions in their Charlotte, North Carolina office, warehouse, and training facilities.
In reporting Dentsply’s Third Quarter results, it was reported that Q3 revenue dropped 8% and a comprehensive restructuring review is under consideration.
According to CEO Don Casey, “We fully realize that our recent performance has been unacceptable, and that is why we are taking aggressive action to grow revenues, expand margins and simplify the organization. During the implementation of the program, we have prioritized maintaining the Company’s revenue stream and serving our customers, including leveraging our existing infrastructure and outside resources to coordinate our activities. We are dedicated to supporting our talented teams through this important and much-needed transformation. Our path forward will require making difficult decisions, but nevertheless, we are confident that the steps announced today will ensure growth over the long term, and drive significant value for our shareholders."
Specifically mentioned in the Q3 report, initiatives include: “Streamlining sales and marketing,” “Consolidate the Company’s Dental Strategic Business Units (SBUs) organization from 10 to 4 units to better unlock the synergies that exist within the various businesses,” “Optimize its corporate infrastructure to support its enhanced business model,” and most troubling of all, “Reduce global workforce by approximately 6-8%.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?