Olympus Cuts Jobs, Streamlines Operations Under New Leadership

Olympus Corp.’s new Chief Executive Officer Bob White is shaking up the Tokyo-based medical devices maker after a difficult period that included the ouster of his predecessor in a drug scandal.

Five months into the role, White unveiled a plan to cut about 2,000 jobs — about 7% of its global work force — and an overhaul of the company’s region-centric structure to streamline operations and boost productivity. Olympus is also reviewing its supply chain, as it aims to cut costs by ¥24 billion ($157 million).