New York, New York-based Cedar, a healthcare technology vendor offering an enterprise healthcare engagement platform to facilitate customer billing and payments, has announced that it has terminated 24-percent of its workforce, approximately 100 employees.
According to Cedar CEO, Florian Otto, "Yesterday was an extremely tough day at Cedar. We made the difficult decision to reduce our workforce, in order to adapt to current market realities, and re-organize ourselves for what we want to achieve following last year’s acquisition of OODA Health. This move will help ensure we forge ahead sustainably on our mission.
I’m so grateful for the contributions of each and every Cedarian—you have helped us truly improve the healthcare experience. To those who were impacted: My door to you is always open. If you need anything during this time of transition, I would be happy to help in any way possible."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?