TytoCare Layoffs
July 2023
TytoCare announced a layoff affecting 20 employees (10% of its workforce) in July 2023. The company operates in the Healthcare sector.
20
10%
Jul 6, 2023
About
Israeli telehealth startup TytoCare laid off 20 employees, representing about 10% of its total workforce of 200 people, in July 2023. The company, which develops a digital device for remote medical testing and diagnosis, cited significant changes in the financial markets as the reason for the personnel adjustments. Approximately half of the affected employees were based in Israel, where the company employs 135 staff. Founded in 2012 and having raised $155 million in total funding, TytoCare stated it remains committed to advancing digital home medicine and expanding its global customer base despite the layoffs.
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