Truepill Layoffs
September 2022
Truepill announced a layoff affecting 0 employees in September 2022. The company operates in the Healthcare sector.
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Sep 30, 2022
About
In September 2022, digital health unicorn Truepill conducted its fourth round of layoffs that year, with the company stating it impacted 20% of its full-time employees across departments including engineering, HR, design, IT, and finance. This followed a third round earlier in the year, which the company corrected to 8% of staff, not the initially reported 33%. Leadership attributed the cuts to investor requests to extend the company's financial runway amid broader economic pressures, informing affected employees their roles were no longer sustainable. The layoffs occurred as Truepill, a platform providing diagnostics, telehealth, and prescription services to other companies, faced industry challenges, including halting ADHD medication prescriptions earlier in 2022 due to growing concerns in digital health.
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