Summer jobs are coming for Northwell Health, the world’s largest medical device maker.
The company announced the news Wednesday in its earnings report, saying it was hiring more than 30,000 people across all areas of operations.
The job cuts are being made as the company tries to turn around its troubled stock.
Northwell is also shedding more than 6,000 jobs as part of a restructuring, and has announced plans to hire more than 2,000 employees in the coming months.
The announcement was made during a conference call with analysts.
The Northwell layoffs will be primarily in health care, and they will impact employees who have been working for Northwood Medical Devices, which is a division of the company.
Northwood is a medical device company that provides devices for patients at hospitals.
NorthWood was founded in 1984 by doctors and engineers.
The business has grown from a small research and development firm to a worldwide manufacturer of medical devices.
It has over 100 employees, and its shares have been trading around $40.20 a share since the beginning of 2018.
The layoffs come amid the company’s slow recovery from the recent wildfires, which burned through much of the region.
The fires also damaged many of the devices Northwood manufactures, and Northwell had to lay off thousands of workers.