Mental health startup Cerebral to lay off about 15 percent of workforce
- ByStartupStory | February 28, 2023
Telehealth startup Cerebral in its latest and 3rd round of job cutting decided to lay off 15% of its workforce. This comes in less than a year. The company has decided to lay off 285 people.
Last October, the company cut its workforce by 20 per cent.
“Affected employees will be fully supported with extended severance pay and benefits, as well as outplacement services,” the company said on Monday. However the company did not disclose the details of its staff strength or the number of employees being laid off.
The announcement comes amidst Cerebral faces investigations from various authorities, including US Federal Trade Commission, into whether the company was indulged in malafide practices related to advertising or marketing of mental health services.
Cerebral is a remote telehealth company that provides access to high-quality mental health resources. Company helps in managing anxiety, depression, insomnia, and more.
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