Telehealth staffing and services company Wheel confirmed it cut 28% of its workforce, laying off 56 employees.
The layoffs mark the second round of recent job cuts at the startup, which laid off 17% of its staff over the summer. According to an email obtained by Insider, CEO Michelle Davey said the August layoffs were "the right decision to make for our long-term success."
THE LARGER TREND
Wheel...
Philips will cut another 6,000 jobs worldwide as part of a turnaround plan after a recall of its respiratory devices and supply chain woes cut into the health tech giant's financials.
Philips said the workforce reductions will take place by 2025, with half of the cuts coming this year. The company had previously announced it would lay off 4,000 employees in October, shortly after its new CEO Roy...
Noom confirmed it had conducted another workforce reduction, marking the third round of layoffs at the digital weight loss company in less than a year.
The company didn't specify how many employees were affected by the latest job cuts. In April, Insider reported that Noom was laying off about a quarter of its coaches. It conducted another round of cuts in the fall, with TechCrunch reporting it...
Innovaccer, a health data analytics startup that reached unicorn status in 2021, has laid off 245 workers, or about 15% of its workforce.
First reported by Inc42, the cuts mark the company's second round of layoffs in several months. In September, Innovaccer confirmed it had laid off 90 employees, which made up 8% of its workforce at the time.
Innovaccer said the cuts affect workers across...
Teladoc Health is laying off about 300 employees, or about 6% of the virtual care company's non-clinician workforce.
The job cuts are part of a larger restructuring plan to reduce operating costs. In a filing with the Securities and Exchange Commission, Teladoc said it was also reducing its office space footprint in some markets.
In a letter to staff, CEO Jason Gorevic said the company was...
Akili Interactive, maker of a video game-like digital therapeutic for children with ADHD, announced last week it will cut about 30% of its staff.
The layoffs, which will affect 46 workers, are expected to be completed by the end of the first quarter, according to a filing with the Securities and Exchange Commission.
Akili will also put some programs related to cognitive health outside of ADHD on...
Alphabet's life science subsidiary Verily's new CEO, Stephen Gillett, announced in an email to employees on Wednesday that it's laying off 15% of its staff due to the need to center its strategy, prioritize products and change its operating model.
Verily has over 1,600 employees, according to the Wall Street Journal, which first reported the layoffs, meaning more than 200 employees will be...
Virtual primary and urgent care provider Carbon Health announced another round of layoffs, noting the company is letting go of more than 200 people.
The company's CEO Eren Bali announced the layoffs via Twitter, saying Carbon Health will shift its focus to its core primary care and urgent care services, "unwinding" its programs in public health, remote patient monitoring, hardware and chronic...
Cue Health will lay off 388 employees, about 26% of its workforce, as part of a larger cost-reduction plan.
The cuts mark another round of layoffs for the home diagnostics company, which laid off 170 manufacturing workers in the summer. In a filing with the Securities and Exchange Commission, Cue said the layoffs are expected to take place in March.
"For the past several months, the Cue Health...
Editor's note: This article has been updated with additional context from Heal.
Heal, a home-based primary care and telehealth company, is planning layoffs ahead of a potential sale.
According to WARN notices, Heal would cut 182 jobs in Los Angeles County and 60 positions in New York City. A company spokesperson told MobiHealthNews the company is in active discussions with possible buyers, and...
