Komodo Health Lays off 78 employees

Komodo Health announced a layoff for 78 employees which means around 9% workforce from their overall headcount. Health data startup Komodo Health secured a structured equity infusion of $200 million in early November as it looks to continue scaling its data-driven “healthcare map” and analytics tools.

Komodo Health also announced a restructuring plan and will lay off 78 full-time employees, or 9% of its workforce, Sun said. “We are taking steps to set ourselves up for the best possible business success in 2023 and beyond. We identified select key areas to restructure the company, inclusive of a marginal reduction in headcount and also investing in efficiencies to ensure that our workforce can focus on strategic priorities based on customer demand,” he said.

The restructuring will enable the company to stay nimble and efficient as it moves into an uncertain economic landscape, he noted. Earlier this year, Komodo co-founders expressed their desire to go public to Fierce Healthcare, noting their excitement about general investor appetite around healthcare.

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