Alto Pharmacy

Alto Pharmacy, a San Francisco-based healthtech company, laid off a number of employees in late June 2022 as part of a cost-cutting initiative. The layoffs occurred unexpectedly, with affected staff sharing farewells on LinkedIn. This workforce reduction coincided with the appointment of former Amazon executive Alicia Boler Davis as the new CEO, set to begin in September. While the exact number of employees impacted and the total workforce size were not disclosed in the article, the event highlights a period of transition and restructuring for the company within the competitive online pharmacy industry.

Alto Pharmacy, an online prescription delivery startup based in San Francisco, laid off 47 employees, representing 6% of its workforce, as part of a restructuring effort to streamline operations and reallocate resources for long-term growth. The layoffs occurred despite the company recently securing a $250 million funding round led by SoftBank and benefiting from the pandemic-driven surge in telemedicine and prescription delivery services. Affected employees are being offered significant severance and extended healthcare coverage, while the company continues to hire for roles critical to its mission.