HealthcareUS

Alto Pharmacy Layoffs

September 2020

Alto Pharmacy announced a layoff affecting 47 employees (6% of its workforce) in September 2020. The company operates in the Healthcare sector.

People Affected

Percentage

Announced Date

Sep 29, 2020

About

Alto Pharmacy, an online prescription delivery startup based in San Francisco, laid off 47 employees, representing 6% of its workforce, as part of a restructuring effort to streamline operations and reallocate resources for long-term growth. The layoffs occurred despite the company recently securing a $250 million funding round led by SoftBank and benefiting from the pandemic-driven surge in telemedicine and prescription delivery services. Affected employees are being offered significant severance and extended healthcare coverage, while the company continues to hire for roles critical to its mission.