Meditation app company Headspace Health has laid off about 50 people, or 4 percent of its staff, Bloomberg reported.
"We are taking this step to equip Headspace Health as a long-term, sustainable business that can weather various economic environments while continuing to execute on our mission," the company told the news outlet.
Headspace Health had about 1,200 staffers before last week's move, according to the Dec. 14 story. The company combined last year with digital mental health service Ginger in a $3 billion merger, more than tripling its employee rolls. It also bought the Shine mental health app in September.