Scoop: Redesign Health lays off 67 employees a month after raising $65 million

Redesign Health, a company that builds other healthcare startups, laid off 67 employees, or about 20% of its workforce, Fast Company has learned. The cuts come roughly a month after Redesign raised $65 million in Series C funding.

A spokesperson for Redesign confirmed the layoffs, calling the cuts a “restructuring move.” “This move by Redesign was not financially driven—or was something that was related, connected to, or a requirement of the recent round raise,” the spokesperson tells Fast Company, adding that the engineering, product, marketing, and recruiting departments would be affected.

CEO Brett Shaheen said in an email to employees that as part of the company’s “ongoing evolution, and given the need to prioritize in a challenging market,” Redesign would reduce the size of some teams, while also continuing to hire for others. “Through this, we believe we can create greater impact for our founders and partners,” Shaheen wrote. (The company has eight open roles on its website.)

R&I – FS