DayTwo Layoffs
July 2023
DayTwo announced a layoff affecting 0 employees in July 2023. The company operates in the Healthcare sector.
0
Jul 6, 2023
About
Israeli healthtech startup DayTwo, which had developed personalized nutrition kits for diabetic patients using stool sample analysis, has undergone a dramatic restructuring, laying off over 75% of its workforce over the past year. The company, which employed 150 people in 2022, now retains only 35 employees—20 in Israel and 15 in the U.S.—as it winds down most operations. Facing an unsustainable business model despite raising $85 million, primarily from co-founder Marius Nacht, DayTwo is now focused on supporting existing customers and seeking to sell its technology. The restructuring, reported in July 2023, followed challenges in achieving profitability and mixed results in weight loss outcomes, despite some success in improving blood sugar levels.
Related Events
More Healthcare Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl