Merative Layoffs
February 2023
Merative announced a layoff affecting 200 employees (10% of its workforce) in February 2023. The company operates in the Healthcare sector.
200
10%
Feb 23, 2023
About
Merative, the healthcare data and analytics company formerly known as IBM Watson Health, is laying off an estimated 200 employees, representing about 10 percent of its roughly 2,000-person workforce, as reported in February 2023. The layoffs are part of the company's strategic realignment following its acquisition by Francisco Partners. According to sources, the job cuts are associated with shifting roles offshore to reduce costs, with affected employees, including some over the age of 40, receiving three months of severance. This move continues a trend of restructuring within the health tech industry, as Merative focuses on its core product lines for long-term growth.
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