Health tech firm Cue Health to lay off 388 employees

At-home diagnostics company Cue Health is laying off 388 employees, or about 26 percent of its workforce, to adjust to changing economic conditions, the firm said in an SEC filing.

The termination dates are expected to take place in March, the Jan. 5 filing states. In June, the company parted ways with 170 employees due to cutbacks in government funding for COVID testing.

"For the past several months, the Cue Health leadership team has been evaluating how best to position the company for the future given our rapid growth over the last three years and the current challenging macroeconomic environment," a company spokesperson emailed Becker's. "We remain confident in our long-term strategy to improve how healthcare is delivered, ultimately leading to better outcomes for people's health."


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