League Layoffs
May 2020
League announced a layoff affecting 0 employees in May 2020. The company operates in the Healthcare sector.
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May 5, 2020
About
League, a digital health platform company, has laid off an unspecified number of employees as part of organizational changes necessitated by the economic impact of the COVID-19 pandemic. The layoffs, announced by CEO Michael Serbinis in May 2020, were part of broader cost-saving measures that also included salary reductions and bonus deferrals. The company cited the need to ensure its mission continuity and position itself for acceleration during the economic recovery. While exact figures on the number laid off, total employees, and percentage were not disclosed, League emphasized its commitment to supporting affected colleagues by extending benefits, including mental health support for them and their families. The layoffs reflect the broader challenges faced by businesses in the health tech industry during the global crisis.
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