Sana Benefits Layoffs
February 2023
Sana Benefits announced a layoff affecting 0 employees (19% of its workforce) in February 2023. The company operates in the HR sector.
0
19%
Feb 7, 2023
About
Sana Benefits, a health insurance startup, has laid off approximately 19% of its workforce as part of a restructuring effort to adapt to the current challenging macroeconomic and funding environment. The layoffs, announced by CEO and Co-Founder Will Young in a message to employees, come despite the company's recent growth, strong customer retention, and a $60 million Series B funding round raised in May. Leadership stated that while past investments focused on accelerating growth and product development, the company now needs to reorient for leaner times to ensure long-term sustainability and continue its mission of reducing healthcare costs. The decision impacts valued colleagues, with the company emphasizing support for departing team members.
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