layoffs
The firings included 20 individuals in the FDA's Office of Neurological and Physical Medicine Devices.
The company let go of 48 workers in the U.S.
The company let go of 181 employees, or 15% of its workforce.
This is the second round of layoffs in less than a year.
The company has let go of approximately 35% of its workforce.
According to a filing with the Securities and Exchange Commission, the company still plans to hire "to support its service capacity needs and growth expectations."
In a post on LinkedIn, Color CEO Othman Laraki said the company would focus on its core lines of business, including testing and telehealth infrastructure for government programs, and its prevention tools for employers and healthcare purchasers.
The mental health platform let go of 15% of its workforce.
The company has let go of 54 employees as part of a restructuring of its workforce.
According to Forbes, the layoffs bring the company's employee count from 691 to 572.