Truepill lays off 65% Workforce – 175 Employees in 4th Round

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its fourth layoff of the year.

Sources say the layoff impacted around 65% of the existing staff across the engineering, human resources, design, IT and finance teams. The layoff comes around two months after its last round, which impacted about a third of the company, or 175 people.

One employee, who spoke to TechCrunch on the condition of anonymity, said that they were told that their position was “no longer sustainable due to economic factors” on a 1:1 call with leadership. Severance was mentioned but HR has not yet reached out to the employee with further details.

“[The company said] it hoped there wasn’t going to be any layoffs after the August round,” the source said. “[Leadership said that] investors made some requests in order for the company to extend the financial runway so they made tough choices, but that we were now on good footing.”

A company-wide all hands, previously scheduled for this week, has been bumped to next week, the source added.

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