News 3/3/23
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VA Deputy Secretary Donald Remy, JD, who oversees the VA’s Oracle Cerner implementation and other initiatives as its equivalent to COO, resigns as of April 1.
Remy’s departure follows that of VA EHR…
Tag: layoffs
‘Challenging Market’ Leads MorphoSys to Cut Preclinical R&D, Turn Focus to Cancer
MorphoSys, a company whose research has yielded programs placed with big pharmaceutical companies and upstart biotechs, is stopping all preclinical work to focus on cancer, particularly a late-stage drug candidate it acquired in a…
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Cerebral announces third round of layoffs in less than a year
Digital mental health platform Cerebral announced it’s letting go of 15% of its workforce in its third round of layoffs since last summer. In a LinkedIn post, the company’s CEO David Mou confirmed the layoffs,…
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News 3/1/23
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Cerebral announces its third round of layoffs in the past few months as the beleaguered direct-to-consumer telemedicine company attempts to reorganize and streamline its services.
Cerebral has struggled since the federal government launched an…
Morning Headlines 2/28/23
February 27, 2023 Headlines No Comments Cerebral to Cut 15% of Staff in Fresh Round of Layoffs
Cerebral lays off 15% of its staff, part of the direct-to-consumer telemedicine company’s year-long plan to…
Lucira Health files for bankruptcy as it receives EUA for home COVID-19, flu test
Lucira Health announced it had filed for Chapter 11 bankruptcy last week just as the diagnostics company received Emergency Use Authorization from the FDA for an at-home combination COVID-19 and flu test. In the company’s…
Continue Reading Morning Headlines 2/24/23
February 23, 2023 Headlines No Comments Teladoc (TDOC) Reports Q4 Loss, Tops Revenue Estimates
Teladoc Health reports a $13.7 billion loss for FY 2022, and mixed revenue and earnings results for Q4, prompting…
News 2/24/23
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Teladoc Health reports Q4 results: revenue up 15%, EPS –$0.23 versus –$0.07, beating revenue expectations but falling short on earnings.
The company reported a staggering $13.7 billion loss for FY 2022, much of…
Teladoc Health reports $13.7B net loss in 2022
Teladoc Health stock fell Thursday after the virtual care company reported a $13.7 billion net loss, or $84.60 per share, in 2022.That compares with a net loss of $428.8 million, or $2.73 per share,…
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Health benefits platform Collective Health announces layoffs
Collective Health, a health benefits management platform, has laid off 54 employees as it arranges its workforce to better align with customer needs. The company’s CEO, Ali Diab, announced the layoffs on LinkedIn, saying the employees were being let go due to a “workforce reduction,” while urging companies that may encounter those employees during the hiring process to provide them with “strong consideration.”
Collective Health acts as a third-party health benefits administrator, bringing companies’ various benefits into one platform to let employers manage their offerings while assisting employees with navigating their healthcare.
“We can confirm that as part of a restructuring of our workforce,…