Seattle-based 98point6 not too long ago laid off 10% of its workforce, however the telemedicine startup stays in “progress mode,” in line with a human assets government on the firm.
The corporate confirmed the cuts to Startup on Thursday, however didn’t present any specifics on how many individuals had been let go, which positions had been affected, or what prompted the layoffs.
“On July sixth, 98point6 executed a discount in pressure to align with the longer term wants of the enterprise,” Cami Blumenthal, vice chairman of individuals, mentioned in an emailed assertion. “Whereas we’re disillusioned to say farewell to members of our crew, we stay in progress mode and are hiring for roles throughout our medical and expertise teams.
“We proceed to specific gratitude to all the staff impacted by this determination and thank them for his or her contributions in serving to us to attain our mission of delivering equitable entry to major care,” Blumenthal added.
The startup employs 343 folks, in line with LinkedIn. A former worker who was a part of the current spherical of layoffs mentioned on LinkedIn that all the artistic crew was slashed. One other former worker mentioned many members of the advertising and marketing crew had been additionally let go.
Many startups are reducing workers with a view to scale back prices and prolong runway amid the broader financial downturn. Seattle startups corresponding to Convoy, Flyhomes, Qumolo and Rad Energy Bikes have all had rounds of layoffs this 12 months.
Based in 2015, 98point6 launched to make connecting with a doctor as “easy as sending a textual content or doing a web based search.” In 2020, its membership base skyrocketed by 274%, fueled by demand through the pandemic.
The corporate offers major care in all 50 states, connecting customers in real-time to its docs alongside an AI-powered chatbot, texts, and digital pictures. Its prospects embrace large firms corresponding to Boeing, in addition to many well being plans and well being programs. It additionally goes direct-to-consumer.
The startup is led by Jeff Greenstein, who turned the corporate’s everlasting CEO after taking on interim management duties following the departure of former CEO and co-founder Robbie Cape in August.
98point6 ranks twenty eighth on the Startup 200, our checklist of the highest tech startups within the Pacific Northwest.
In October 2020, 98point6 raised greater than $118 million in a Sequence E spherical led by non-public fairness large L Catterton and late-stage funding agency Activant Capital. Goldman Sachs, an current investor, additionally participated. The elevate put the corporate at a $518 million post-money valuation on the time, in line with PitchBook.
98point6 has raised greater than $250 million to-date.