layoffs

A memo sent to employees from CEO David Ko said the company is "not immune to the impacts of the current economic environment."

Virtual care company Included Health said it reduced its headcount by less than 6%, while prescription digital therapeutics maker Pear Therapeutics laid off about 9% of its full-time workforce.

Olive announced a $400 million investment round in July 2021.

In a post on LinkedIn, CEO and cofounder Florian Otto said the cuts will allow the company to "adapt to current market realities, and re-organize ourselves for what we want to achieve following last year's acquisition of OODA Health."

CEO Eren Bali said the company was winding down some of its COVID-19-related services and plans to shift its focus from growth to profitability.

The cuts equal a 14% reduction in the consumer genomic company's workforce. 

The insurtech startup announced $500 million in new funding just a few months ago.

Joyable, a San Francisco-based behavioral health technology startup has layed off 20 people (half its staff) and pivoted its business, with plans to refocus on its enterprise emloyee wellness offering rather than the direct-to-consumer business that has been the company's main focus up until now.

Heart rate-tracking wearable Jawbone has laid off 60 employees, 15 percent of its workforce, according to a report in TechCrunch.