As the digital health industry faces strong macroeconomic headwinds, Digital Health Business & Technology is keeping a tracker of which companies have undergone layoffs.
Curative Health, a COVID-19 based testing startup, is laying off 109 employees.
Amazon is laying off nearly 400 workers related to its decision to end Amazon Care, according to a Washington State WARN notice. The layoffs will begin on December 1.
Innovaccer, a digital health unicorn, is laying off 90 employees just nine months after raising $150 million in a Series E funding round.
Medly, a digital pharmacy startup based in Bushwick, Brooklyn, has laid off almost half its workforce.
GoodRx, a consumer drug pricing and digital health company, said it’s laying off 140 employees, 16% of its workforce, primarily in its technology and marketing groups.
ThirtyMadison, a direct-to-consumer pharma telehealth company, reduced its corporate staff by 10%.
Wheel, a telehealth company, laid off 17% of its team, 35 employees. The company said it was focusing in on investing into its technology and building an enterprise platform.
Sema4, an AI-driven genomics and clinical data intelligence company, said it would undergo layoffs and eliminate its somatic tumor testing business. The company said it was trimming its workforce by 250 employees, which equates to 13% of its workforce.
Signify Health is laying off nearly 500 employees, beginning Oct. 1. The value-based care technology company notified the Connecticut Department of Labor it planned to cut 489 employees, including 147 who work in one of the company’s five offices and 342 who work remotely.
Mental health ‘unicorn’ Calm has cut 20% of its workforce. Calm employed approximately 400 people before the layoff. In a memo, CEO David Ko said the layoffs came as the 10-year-old company revisited its investment thesis and recognized that changes were needed to keep the company efficient.
TruePill, a digital pharmacy startup, underwent its third layoff in 2022. The company laid off approximately 175 people only two months after cutting another 150 employees.
Health insurance brokerage GoHealth has laid off 20% of its workforce, the company notified employees in a public letter. Approximately 800 agents and support workers lost their jobs, the company said.
Capsule, an app-based pharmacy startup that hit unicorn status last year, initiated layoffs. The cuts affected 13% of the company's workforce, said one former employee who was part of the layoffs.
Genetic testing company Invitae said it is restructuring its operations, eliminating non-core operations and geographies, and focusing on business lines that deliver sustainable margins and returns needed to fuel further investment.In a filing with the US Securities and Exchange Commission, Invitae disclosed that the restructuring will result in the layoffs of more than 1,000 employees.
Olive, the Columbus, Ohio-based healthcare AI company, said it was laying off around 450 employees, which equates to 35% of its workforce. A spokesperson from Olive said the company had 1300 employees prior to the layoff.
Calibrate Health, a digital health company focused on weight loss, laid off 24% of its employees, according to an initial report in Business Insider. The layoffs affected around 100 employees.
Forward, a San Francisco-based primary care startup which operates tech-enabled clinics across 25 cities, laid off 5% of its workforce. The company cited market conditions as the reason for the reduction, according to an initial report from Fierce Healthcare.
Cedar, a New York City-based medical payments technology company, said it was letting go 24% of its 500-plus person workforce. Florian Otto, the company’s CEO, said in a LinkedIn post that the move was coming because of current market climate and a need to restructure following its acquisition of OODA Health, in May 2021 for $425 million.
LetsGetChecked, a Dublin, Ireland-based virtual testing and diagnostics company, confirmed it had undergone an undisclosed number of layoffs. The company, which reportedly employs more than 200 people, cited its recent acquisitions of genomics startups, Veritas Genetics and Veritas International and digital health platform company BioIQ as the chief reason for the layoffs.
Cerebral, the embattled mental health startup based in San Francisco, underwent layoffs in late June. The company said it was restructuring its operations and eliminating a number of positions, although it did not specify how many.
Carbon Health, which combines traditional brick and mortar clinics with telehealth, trimmed 8% of its workforce, which equates to 250 employees. Carbon CEO Eren Bali cited volatile capital markets as the reason for the layoffs.
Cue Health, a virtual testing company based in San Diego, California, laid off 170 people in light of economic hardships and reduced funding for COVID-19 testing.
Ro, a direct-to-consumer telehealth company based in New York City, laid off 18% of its 750-employee workforce in late June. The company cited the economic downturn as the primary reason for the layoffs.
Sidecar Health, a unicorn insurtech company, laid off 40% of its workforce in June, according to an initial report in Business Insider.