Digital health companies enjoyed a pandemic-fueled boom in the past two years but changing market conditions has forced some startups to scale back their workforce, Fierce Healthcare reports.
Carbon Health, a hybrid primary care company that banked a hefty $350 million funding round a year ago, is cutting 8% of its global workforce, or about 250 employees, the company announced Thursday.
Carbon Health CEO Eren Bali cited the volatile capital markets as one key reason for the layoffs as well as concerns about the company’s bottom line.
The news comes just six weeks after Carbon Health acquired MedPost Urgent Care’s California clinics, spanning Orange County, Palm Desert, and Paso Robles. Read more.
