Virta Health, a San Francisco-based digital health startup focused on reversing type 2 diabetes through coaching, has laid off an unspecified number of employees, primarily from its commercial team. The company, which employs around 200 people and was last valued at $538 million, cited the economic upheaval caused by the COVID-19 pandemic as the reason for the cuts. Despite recent Series-C funding and business growth, Virta stated the layoffs were necessary to navigate upcoming economic uncertainty and sustain its long-term mission, highlighting that even the in-demand health tech sector is not immune to the financial crisis.
