Headspace

Headspace representing approximately 13% of its workforce on 2024-11-20.

In June 2023, Headspace Health, the Santa Monica-based mental health and meditation app company, laid off 181 employees, representing 15% of its workforce. This marked the company's second round of cuts since December 2022, when it reduced its staff by 50. CEO Russell Glass cited an underestimation of how the economic environment would impact consumer behavior as a key reason, stating the move aims to achieve cash-flow positivity in 2024 and reduce reliance on external funding. The layoffs primarily affected content creation teams. Founded in 2010, Headspace grew significantly during the pandemic and merged with Ginger in 2021 to form Headspace Health, operating in the competitive wellness tech industry.

Headspace laid off 50 employees representing approximately 4% of its workforce on 2022-12-14.