The company’s closure follows the FDA’s recent advisory, which urged consumers to discard Cue Health’s COVID-19 test kits due to potential false results. Cue Health said May 16 that it stopped selling its COVID-19 tests.
This is Cue Health’s second round of layoffs. On May 3, Cue Health laid off 230 employees, equating to 49% of its workforce. Cue Health said the move was made in a bid to lower its cost framework and enhance its operational effectiveness.
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