Collective Well being, a well being advantages administration platform, has laid off 54 staff because it arranges its workforce to raised align with buyer wants.
The corporate’s CEO, Ali Diab, introduced the layoffs on LinkedIn, saying the staff have been being let go attributable to a “workforce discount,” whereas urging firms which will encounter these staff throughout the hiring course of to supply them with “robust consideration.”
Collective Well being acts as a third-party well being advantages administrator, bringing firms’ varied advantages into one platform to let employers handle their choices whereas helping staff with navigating their healthcare.
“We will verify that as a part of a restructuring of our workforce, we made the troublesome choice to say goodbye to a small fraction of our workers on Monday. The aim of this restructuring is to raised align and steadiness our sources with our product and buyer wants, in addition to to present market situations,” an organization spokesperson informed MobiHealthNews in an electronic mail.
“Collective Well being prides itself as an awesome place to work. That is due to how we deal with one another and look after our staff. As we face the troublesome job of supporting our impacted staff, we’re holding ourselves accountable for bringing the identical care to their particular person transitions that we carry to our work day by day. For these firms with open roles, we encourage you to be looking out for some great, proficient of us available on the market now.”
THE LARGER TREND
In 2021, the San Francisco-based firm scored $280 million in Collection F funding, bringing the corporate’s valuation to $1.5 billion, becoming a member of the various digital well being firms that 12 months to achieve unicorn standing.
The corporate additionally introduced its Premier Partnership Program, which might assist employers establish the best-fitting digital well being platforms for his or her worker inhabitants, calculate return on funding, decide scientific outcomes and provide suggestions primarily based on person information.
This system was launched with behavioral well being startups Ginger, Lyra Well being and Fashionable Well being; telehealth major care suppliers 98point6 and Teladoc Well being; power situation administration firm Livongo; household planning startups Carrot Fertility and Progyny; most cancers startup AccessHope; and musculoskeletal startup Hinge Well being.
Two years earlier, the worker advantages platform raised $205 million in a Collection E funding spherical, and a 12 months prior collected $110 million in funding.
A number of different firms present healthcare advantages help, together with Nayya, Pebble and HealthJoy.
