SEPTEMBER 30, 2022 — 65% OF THE WORKFORCE TO BE LAID OFF
The company’s fourth round of layoffs will impact 65% of the remaining employees, mostly in engineering, human resources, design, IT, and finance teams. The layoff comes around two months after its last round of layoffs.
AUGUST 25, 2022 — Original post…
Hayward, California-based Truepill, a medical technology company providing a platform offering virtual pharmacy, telehealth, and treatment service for direct-to-consumer consumer brands, digital health companies, and other healthcare organizations, has announced a 33% reduction in force.
The layoffs will impact approximately 175 employees in the third round of layoffs in 2022, as the company retreats to its core virtual pharmacy offering.
According to CEO Sid Viswanathan, "For the past six years, we’ve been focused on defining a new category in healthcare and growing top-line revenue while continuing to expand our platform’s capabilities to serve the broader market, While this was the right strategy up through 2021, the markets have shifted, and we must adapt."
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?