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Layoffs at Abbott Diabetes Care in Alameda

Update, June 26th, 11:00 am – Greg Miley informed us that: “Approximately 30 people from various areas of ADC were affected.”

We received a tip that there are layoffs in-progress at Abbott’s offices on South Loop Road on Bay Farm Island. It turns out that in fact, there are.

We contacted Gregory Miley of Abbott, who responded with this email:

“Abbott Diabetes Care is focusing its business and aligning resources to become the glucose monitoring partner of choice for people with diabetes. As a result of this increased focus and alignment, a modest number of positions have been eliminated at ADC.” This alignment is unrelated to the July 15 conference call.

Abbott’s parent announced yesterday that their second-quarter 2009 financial results will be announced on a July 15 earnings conference call.

In 2004, Abbott acquired Alameda start-up TheraSense in a deal worth $1.2 billion.

Abott Diabetes Care on Bay Farm Island

Abott Diabetes Care on Bay Farm Island

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