MedWatch

Bose to drop hearing aid business, media reports

Following an independent analysis, audio firm Bose has decided to exit the hearing aid market, despite already having a direct-to-consumer, self-fitting hearing aid cleared by the FDA.

Photo: Bose / PR

US-based Bose is reportedly getting rid of its health division, under which the audio firm had been working on a hearing aid targeting the upcoming over-the-counter (OTC) sales channel in the US, news media The Boston Globe states.

The Boston Globe has spoken with several former employees, who asked to remain anonymous, who said there have been ”rolling layoffs” at Bose over the past few years. According to the media, the firm’s employee count has gone from 9,000 people in 2019 to 7,000 in 2021.

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