Komodo Health

Komodo Health, a healthcare data analytics startup valued at $3.3 billion, laid off 78 employees, representing 9% of its workforce, in December 2022. The restructuring occurred amid a frigid IPO market, with the company aiming to improve profitability ahead of a potential public debut. This move followed the departure of its CFO and came alongside a $200 million equity infusion from investors Dragoneer and Coatue. The co-founders described the layoffs as a step to ensure capital efficiency in a changing economic environment, marking the company's second round of cuts since 2020.

Primary care startup Forward laid off approximately 10 employees, representing 3% of its roughly 350-person workforce, in April 2020 amid the coronavirus pandemic. The cuts primarily affected recruiting and expansion roles, as the company adjusted to unexpected changes during the health crisis. Despite the layoffs, Forward remained on the front lines, providing COVID-19 testing and care at its clinics in cities like San Francisco, New York, and Washington, D.C. The venture-backed startup operates on a membership model, charging $150 per month for primary care services without accepting insurance.