."In addition, we continue to focus on identifying efficiencies so that we can continue to invest strongly in R&D to drive innovation." So how does doing massive layoffs in the medical division which produced the best sales growth in the company equal what they did today? If you lay off your best people that produced these great numbers how do you keep the company growing ahead?
Dude, sometimes you have to right-size(streamline), the business in order to take off to higher ground. The most appropriate time to make these calls is when you are strong. The bests CEO's makes these tough calls at the right time ahead of the curve. Just watch and see the ship take off to the stars!