Meditation and psychological well being firm Headspace Health has confirmed it laid off 181 employees or about 15% of its workforce.
The cuts are the second spherical of layoffs for the corporate up to now yr. In December, it laid off about 4% of its workforce, or approximately 50 workers.
The corporate’s CEO, Russell Glass, introduced the current layoffs in an inner memo to workers, stating that the corporate underestimated how the present financial atmosphere would influence client conduct.
“With the privilege of supporting the psychological well being and wellbeing of tens of millions of individuals around the globe additionally comes nice accountability to deal with the well being of our enterprise and safeguard it for the longer term. On June twenty ninth, we introduced a number of vital adjustments to our technique and organizational construction at Headspace, together with decreasing the dimensions of our workforce by 15%. These adjustments will equip the corporate for the longer term and pave a robust path to profitability. We’re deeply grateful for the staff we mentioned goodbye to and are dedicated to supporting them by way of this time of transition,” a Headspace Well being spokesperson advised MobiHealthNews in an e-mail.
THE LARGER TREND
In 2021, Headspace Well being was shaped through the merger of meditation app Headspace and psychological well being firm Ginger.
For the reason that union, the corporate has scooped up different psychological health-focused startups, together with Sayana, maker of AI-enabled psychological health-tracking and sleep apps, and Shine app, a psychological wellness platform targeted on culturally competent and inclusive choices.
In January, the digital psychological well being firm said it would begin offering its medical care providers to corporations within the U.Okay. and broaden into different worldwide markets in 2023.
