HealthcareUS

Cerebral Layoffs

February 2023

Cerebral announced a layoff affecting 285 employees (15% of its workforce) in February 2023. The company operates in the Healthcare sector.

People Affected

285

Percentage

15%

Announced Date

Feb 27, 2023

About

Mental-health startup Cerebral is laying off 285 employees, representing 15% of its workforce, as announced on February 27, 2023. This marks the company's third round of staff reductions in less than a year, following previous cuts in mid-2022 and October. CEO Dr. David Mou stated the layoffs are necessary to maintain a sustainable business and refocus on core patient services. The company, which provides telehealth for conditions like anxiety and depression, has faced significant turmoil, including federal investigations into its prescription practices for controlled substances like Adderall. These challenges have forced Cerebral to restructure in an effort to stay afloat after a period of rapid growth.