In a move that is sure to shake up the telehealth industry, Cerebral has announced that it is laying off 20% of its staff. The digital health unicorn says that the layoffs are part of an ongoing push for efficiency.
400 employees are set to lose their jobs, primarily clinical staff, and care counselors. A spokesperson for Cerebral told TechCrunch that “These changes are focused specifically on realizing operational efficiencies while prioritizing clinical quality and safety across the organization.”
While it remains to be seen how this will affect the company’s long-term prospects, it is clear that Cerebral is feeling the pressure to cut costs. The telehealth startup faces stiff competition from well-established players like Teladoc and MDLIVE. It will be interesting to see how this move affects Cerebral’s position in the market.