Mental health startup Cerebral to cut about 20% of workforce By Reuters

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Mental health startup Cerebral to cut about 20% of workforce

Published Oct 24, 2022 01:47PM ET Updated Oct 24, 2022 01:57PM ET

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Mental health startup Cerebral to cut about 20% of workforce

(Reuters) - Telehealth startup Cerebral Inc is cutting its workforce by 20%, a company spokesperson said on Monday.

The Wall Street Journal reported earlier that the company, which provides mental health services through its telehealth platform, would be reducing its workforce to match lower patient demand and growth targets.

The restructuring would be spread across all of its division including clinical-care teams and support staff, according to the report.

The spokesperson for the unlisted company did not provide details on the company's staff strength or the employees it plans to lay off.

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