Endologix to close production facility, lay off 31 people

What: Endologix will close a production facility, impacting **31** employees.
Why: The decision is due to a shift in manufacturing strategy to increase efficiency.
Signal: This move may indicate a broader industry trend towards consolidation.
Target: The company aims to reduce costs by **$5 million** annually.
Risk: The layoffs may lead to supply chain disruptions and potential losses in market share.