As the digital health industry faces strong macroeconomic headwinds, Digital Health Business & Technology is keeping a tracker of which companies have undergone layoffs.
March 6
Accolade, a virtual health care company, laid off an undisclosed number of employees, according to a regulatory filing. The company will close offices as well.
March 1
Color, a precision medicine tech company, laid off 300 employees, the company's CEO Othman Laraki confirmed on LinkedIn.
Feb. 27
Cerebral, the embattled online mental health startup, is cutting approximately 15% of its staff, according to a LinkedIn post from CEO Dr. David Mou. It is the third round of layoffs since June for the company.
Feb. 23
Merative, a healthcare data company formerly known as IBM Watson, laid off 150 people, according to media reports. It was their second round of layoffs as they cut 100 jobs in November. The company did not respond to an inquiry for comment.
Feb. 13
Collective Health, an employer health tech company, laid off 54 employees.
Feb. 10
Nomad Health, a healthcare jobs marketplace, laid off 17% of its employees (119 in total), the company confirmed. Nomad closed a $105 million funding round in July 2022.
Feb. 9
Olive AI, a healthcare automation company based in Columbus, Ohio, confirmed it had laid off employees due to continued economic conditions and in anticipation of continued financial strain. According to an Axios report, the cuts amounted to around 215 employees.
Feb. 6
Athenahealth, an EHR company based in Watertown, Massachusetts, confirmed it had laid off less than 3% of its global workforce. According to The Boston Globe, this equates to 178 employees.
Feb. 3
Kyruus, a healthcare data management company, has laid off 70 employees, according to reports. The company confirmed layoffs but did not comment on specific organizational change
Feb. 2
Wheel Health, a virtual health platform and provider network, laid off 28% of its staff or 56 employees, the company confirmed.
Feb. 1
Mindstrong, a virtual mental health provider, laid off 128 employees, according to a WARN notice in California.
Jan. 24
Innovaccer, a digital health unicorn, is laying off 245 employees or 15% of its total workforce, the company said on Tuesday. Read the full story here.
Jan. 18
Teladoc Health is laying off 300 employees or 6% of its workforce, CEO Jason Gorevic said in an email to employees. Read the full story here.
Jan. 13
Definitive Healthcare, a healthcare analytics and insights company, laid off 55 people, 6% of its workforce, the company said in an SEC filing.
Jan. 12
Akili Interactive, the Boston-based digital health company behind an attention-deficit/hyperactivity disorder video game treatment, laid off 30% or 46 of its employees, according to an SEC filing. Akili had a rocky initial public offering in August 2022.
Jan. 11
Verily, a precision health company and subsidiary of Google parent company Alphabet, is laying off around 15% of its employees, the company said in a blog post Wednesday. Here's the complete story.
Jan. 6, 2023
Carbon Health, which combines traditional brick and mortar clinics with telehealth, trimmed its employee base by 8% or approximately 200 employees, CEO Eren Bali said on social media. On Jan. 9, Carbon said it received a $100 million funding round from CVS' corporate venture arm.
Cue Health, a virtual testing company based in San Diego, California, laid off 388 employees, according to a filing with the US Securities and Exchange Commission dated Jan. 5. GenomeWeb has the full story.
December 23
Heal, a virtual on-call doctor sevice, laid off more than 240 employees in California and New York, according to WARN notices in both states. The company received a $100 million investment from insurer Humana back in 2020.
December 16
SonderMind, a digital behavioral health platform, laid off 15% of its staff only a month after acquiring Total Brain, a neuroscience-based mental health and brain performance app.
December 14
Headspace Health, a mental health unicorn, laid off 50 employees, which amounts to 4% of its headcount.
December 13
Komodo Health, a healthcare data and technology company, laid off 78 employees. The company cited economic uncertainty as its reason for trimming staff.
Medly, a digital pharmacy, laid off 173 of its employees as the company filed for Chapter 11 bankruptcy protection.
December 5
Reify Health, a clinical trial technology company, laid off 160 employees from its portfolio company, OneStudyTeam. A company spokesperson said OneStudyTeam needed to "restructure our team going into 2023 to streamline operations after a period of extremely rapid growth and hiring."
December 2
Elemy, a startup company that services children with autism, confirmed it has conducted additional layoffs. In an interview, CEO Yury Yakubchyk said those who got let go were in positions that didn't align with its software-as-a-service model. It is the fourth round for the company this year.
November 13
Sema4, a diagnostic testing company, said it plans to exit the reproductive and women’s health testing business, which will result in the elimination of about 500 jobs. The cuts follow another reduction earlier this year in August.
November 1
Mindbody, a digital platform for booking fitness classes and wellness services, has undergone a layoff. Read the story here.
October 28
Brightline, a pediatric mental health startup, laid off 20% of its employees. The company, which received a $105 million Series C funding round in March, said it was realigning strategic priorities.
Advata, a health data analytics company in Seattle that was spun off by Providence health system, laid off 32 employees.
October 24
Cerebral, the embattled online mental health startup, is cutting approximately 20% of its staff. It's the second major layoff for the company this year. Read the story here.
October 23
Antidote Health, a telehealth company, is cutting one-third of its workforce to streamline operations.
October 14
Noom, a digital weight loss company, confirmed it was laying off employees as it undergoes a business transition. Read the story here.
October 11
Redesign Health, a startup creator, has laid off 67 employees (20% of the company) only one month after receiving a $65 million Series C funding round. The company said it was a strategic evolution rather than a financial decision.
September 30
TruePill, a digital pharmacy startup, has conducted its fourth layoff of the year. The company said it has affected approximately 20% of employees across the organization, resulting directly from the company’s decision to focus on its core pharmacy business and achieve significant cost reductions.
September 28
Robin Healthcare, a medical scribe technology company, laid off an undisclosed number of employees, according to internal sources.
September 20
Curative Health, a COVID-19 based testing startup, is laying off 109 employees.
September 9
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.
September 2
Innovaccer, a digital health unicorn, is laying off 90 employees just nine months after raising $150 million in a Series E funding round.
August 31
Medly, a digital pharmacy startup based in Bushwick, Brooklyn, has laid off almost half its workforce.
August 30
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.
August 19
ThirtyMadison, a direct-to-consumer pharma telehealth company, reduced its corporate staff by 10%.
August 18
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.
August 16
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.
August 12
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.
August 12
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.
August 11
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.
August 10
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.
July 21
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.
July 20
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.
July 19
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.
July 14
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.
July 11
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.
July 8
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.
July 2
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.
June
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.
