Circulo Health Lays off 50% Workforce – 150+ Employees

Circulo Health, an Ohio-based health tech startup, plans to lay off up to 50% of its staff this week amid a larger shift in its business plan, Axios has learned from four sources.

Why it matters: Circulo is one of a small but growing number of tech-driven health care companies focused on people who use Medicaid, a population the vast majority of digital health entrepreneurs and investors have long ignored.

The following month, Circulo said it raised $50 million in Series A funding from Drive Capital, General Catalyst, Oak HC/FT and SVB Capital.

The company currently has between 300 and 350 employees, the sources say.

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