"The company, which provides in-person and virtual care tailored to women, cut 27% of its corporate team, or 17 people; 22% of its providers, or 27 people; and 23% of its field support team, or 28 people, according to an email to employees sent Monday evening by Tia CEO Felicity Yost. Tia's layoffs show how even buzzy, well-funded startups are being forced to reckon with healthcare's economic pressures against venture capital's growth expectations."
"Tia operates as a one-stop healthcare shop for women, providing services from gynecology and primary care to mental healthcare, with options for in-person and virtual care. The startup runs 11 clinics, according to its website, including six locations in Los Angeles, two in New York City, one in San Francisco, and two in Arizona. Yost told employees in her email that the layoffs were a response to feedback Tia received in a recent fundraise."
Tia reduced roughly 23% of its staff, trimming corporate, provider, and field support teams by similar proportions and dozens of employees. The company operates 11 clinics and offers a combination of in-person and virtual women’s healthcare services including gynecology, primary care, and mental health. The layoffs followed feedback from a recent fundraise after the business underperformed and could not reach profitability without additional capital. The cuts reflect broader challenges for in-person, tech-enabled healthcare startups, where scalability and profitability have proven difficult despite strong early funding.
Read at Business Insider
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