Japan's Olympus shares jump 15% after surprise 2,000-job cut

American CEO pursues push in China to boost medical device sales

20251106 Olympus

Bob White took over as Olympus CEO on June 1. (Source photos by Kosuke Imamura and Kotaro Igarashi)

MITSURU OBE

TOKYO -- Shares of Japanese medical device maker Olympus jumped 15% at one point on Monday following the company's announcement that it would cut around 2,000 jobs, around 7% of its workforce, as it tries to revive a sagging share price and return to growth in the face of higher U.S. tariffs and an ongoing trade war.

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