Workit Health, the most trusted provider of telemedicine opioid and alcohol treatment, including Suboxone and naltrexone, is reportedly set to lay off 100 employees, which accounts more than 40% of its workforce. This news has been shared by an impacted employee, and the company has not yet made an official announcement regarding the layoffs.
Workit Health has been a leader in providing accessible and affordable telemedicine solutions for people struggling with opioid and alcohol addiction. The company’s innovative approach has helped many individuals receive the support and treatment they need to overcome addiction and live healthy, fulfilling lives.
Despite its success in the industry, Workit Health has recently faced financial struggles. The impacted employee, who wishes to remain anonymous, shared that the layoffs are a result of the company’s efforts to reduce costs and achieve profitability. Unfortunately, reducing the workforce has been deemed necessary to ensure the company’s long-term viability.
The layoffs are expected to affect employees across various departments, including engineering, product management, and sales. The impacted employee shared that the layoffs would be completed over the next few weeks.
The news of the layoffs is undoubtedly difficult for those impacted and the wider tech community. Workit Health has been a key player in the telemedicine industry and has been known for its innovative products and services. The layoffs will undoubtedly have a significant impact on the company’s culture and operations.
Statement from the Company on the layoffs
Since 2015, Workit Health’s mission has been to provide accessible, evidence-based treatment for people who struggle with substance use disorders. As the public health emergency comes to a close, the Drug Enforcement Administration (DEA) has proposed a new regulation that would require patients seeking medication for opioid use disorder to have an in-person visit. Our team was cautiously optimistic that the DEA would follow the recommendations from medical professional organizations and advocacy groups and make telehealth treatment for substance use disorder permanently accessible without an in-person visit. However, during the past quarter, we’ve also developed operational plans that account for the proposed regulations if they go into effect unchanged on May 11th. As part of this plan, we’ve made the difficult decision to dedicate our resources to regions that serve the majority of our members.
As a result of this change, we have made the hard decision to reduce our workforce by 100 people. It’s our first priority to make sure those affected by these changes are treated with empathy and fairness. We’re deeply saddened to lose so many talented, hardworking, and entrepreneurial people across every part of our organization and are eager to open our networks directly to ensure they find a great next home. Affected employees are receiving a 60-day notice and transition period, an additional severance and benefits package, as well as outplacement support.
This decision was challenging but necessary for Workit Health to remain a sustainable and strong company amidst market shifts and regulatory changes. Although incredibly painful, making these operational changes now will ensure that Workit Health is able to provide quality, whole-person, and evidence-based care to the greatest number of people who need it for years to come.