UK digital health startup Huma is laying off approximately 45 employees, representing nearly 10% of its global workforce of over 500. The layoffs, announced internally on August 8, 2023, are a response to a slowdown in revenue growth and a challenging fundraising environment. The company cited that clients and partners are reducing investments in new technology, prompting Huma to cut costs and focus on achieving profitability. Despite these cuts, Huma continues its M&A strategy, having recently raised funds and acquired companies to expand its remote patient monitoring platform in the competitive healthtech industry.
