Berlin-based fertility tracking startup Clue laid off 31 employees, representing about a quarter of its roughly 100-person workforce, in January 2023. The company, which operates in the health tech industry, cited a strategic shift toward profitability over growth as the primary reason, a common move for VC-backed startups in the current economic climate. Co-founder and Chairwoman Ida Tin explained the layoffs were necessary to ensure the company's financial sustainability, noting they had hired more staff than their revenue could support. Clue, which has raised over €30 million since its 2012 founding and boasts 11 million users globally, stated the restructuring sharpens its focus on core value drivers to accelerate future growth.
