BSX leaning up was a necessary strategic response to the Inflation Reduction Act. Some positions weren't critical, given the pause, and it has almost certainly avoided a capital raise. Most existing shareholders (major or otherwise) will understand what was required, and why.
I believe BSX retained the majority of talent needed in M&A for partnership efforts, in field exploration teams, and hired extensively in Vietnam to bolster legal and permitting. That's where they need to deliver.
Regards,
Jeremy
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