Revenue didn't meet investors expectations even though BD improved its forecast for 2024 from last earnings call.
IDS still in the negative. MDS came in flat.
Budget forecasts for 2024 includes $239 million for restructuring costs compared to the 124 million for 2023 and 50 million for 2022.
So if you're wondering if layoffs will be happening, I'd say that's a very strong possibility.
It won't just be IDS either. BD will try to spread the impact across the full business in efforts to lesson impact on IDS.