Kinetic Concepts fires 127

February 15, 2012 – 7:58 am

San Antonio-based medical devices and biotechnology firm Kinetic Concepts Inc. announced 127 layoffs on Tuesday, 114 of them in San Antonio, most involving administrative positions, as the company realigns its three business units.

The company employs about 7,100 globally, 2,100 in San Antonio. The layoffs account for a little more than 5 percent of the San Antonio workforce and less than 2 percent companywide. The 13 layoffs outside of San Antonio involved positions within the United States.

The layoffs mainly eliminated positions in finance, human resources, information technology and corporate communications. To a lesser degree, layoffs occurred in marketing and research and development, a corporate spokesman said.

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