Purchase, New York-based Teladoc Health, operators of a platform to provide telehealth appointments and visits for primary care, non-emergency care, therapy, and nutrition practitioners, has announced a restructuring plan intended to reduce operating costs.
The restructuring effort impacts approximately 300 employees.
According to Teladoc CEO Jason Gorevic, "At this stage in both our evolution as an enterprise and given the challenged economic environment, we believe that balanced growth is the right step for us as a well-run company. And so, after taking several non-people cost-saving actions, including ongoing real estate and systems consolidations, we concluded that today's moves were necessary."
"As some team members leave, we will also be making changes to our organizational structure to streamline our work and best capture the opportunities ahead including a further review of our real estate footprint and return on vendor investments."
"These actions put us on an even stronger financial footing at a time when many of our competitors are questioning their ability to keep their doors open."
"What I can promise you is that today's actions were based on our best assessment of our current business needs, with the sole intent of putting us on a better path to top and bottom-line growth.
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. We see good people being laid off through no fault of their own. 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?