Moshe Mizrahy on workforce strategy
From $INMD InMode Ltd Q1 2025 Earnings Conference Call · · EARNMOAR
“We made a deliberate decision as a company not to cut corners, not to reduce our workforce and to remain committed to leading the industry because we believe that when the market rebound and demand will return, we will be ready to lead and benefit as we have in the past following major challenges.”
On , Moshe Mizrahy, CEO & Co-Founder at InMode, spoke about workforce strategy during $INMD InMode Ltd Q1 2025 Earnings Conference Call on EARNMOAR.
About Moshe Mizrahy
Moshe Mizrahy, CEO and co-founder of InMode, stated during the company's first quarter 2025 earnings call that the medical aesthetic market continues to face headwinds from macroeconomic uncertainty and soft consumer demand. He said that based on the first quarter and the start of the second quarter, the company does not "see the light at the end of the tunnel" and does not see the slowdown gaining new momentum. Mizrahy noted that InMode introduced two new platforms, Ignite and Optimus Max, in 2024 but that this has not yet generated a new momentum. He also commented on the company's share buyback program, stating that the company invested $500 million in buybacks with "no results to the shareholders and to the company," and that the stock price was at $15 at the time of the call. Mizrahy added that InMode made a deliberate decision not to reduce its workforce during the slowdown. In earlier appearances, Mizrahy emphasized InMode's corporate culture and long-term strategy. In a January 2025 presentation, he described the company's "DNA" as including mutual respect, humility, compassion, integrity, and excellence, and said his commitment as CEO is to keep the company's stakeholders together as a "family." He stated that the company was established 17 years ago with the goal of being "build to last." During a 2022 conference, Mizrahy said that during the COVID-19 pandemic, he decided not to fire or let people go in order to retain talent, and that when the market reopened, InMode took market share from competitors. He has also stated that the company maintains a target of 85% gross margin on its products and that it will not acquire a laser company, as laser technology has become a commodity with lower margins.