Nomad Health

Healthcare staffing startup Nomad Health conducted its third round of layoffs in less than a year last week, continuing a difficult period for the company. While the exact number of employees affected this time was not disclosed, the startup had previously cut 25% of its nonclinical staff in October 2023 and 17% of its overall workforce in February of that year. These reductions are a response to shrinking hospital budgets and a broader market downturn that has pressured the healthcare staffing sector. Nomad Health, which last raised $105 million in venture capital in June 2022, is among several peers in the industry that have been forced to downsize as funding has tightened and hospital customers face financial constraints.

Healthcare staffing startup Nomad Health conducted its second round of layoffs this year in October, cutting approximately 25% of its nonclinical workforce. This follows a previous reduction of 17% in February. The company, which operates a marketplace connecting nurses and clinicians with job opportunities, cited shrinking hospital budgets due to high inflation and rising costs as the primary reason. These financial pressures have reduced immediate staffing demands from healthcare organizations, leading to decreased business for staffing platforms like Nomad. The layoffs reflect broader challenges in the healthcare staffing industry, where several other startups have also downsized this year.