Seattle-based 98point6, a Seattle-based company recently cut 10percent of their staff The telemedicine firm is still operating in “growth growth mode” as per a HR executive from the firm.
The company announced the cutbacks on Business Headers the following day, however it didn’t reveal details about the number of employees dismissed, what jobs where affected and on what was the reason for the reductions.
“On the 6th of July the company 98point6 implemented the reduction of force in order to meet the demands of the company,” Cami Blumenthal vice president of people, announced in an email statement.
“We continue to show our gratitude to all employees affected by this decision, and we acknowledge their efforts to help us achieve our goal of providing equitable access to primary healthcare,” Blumenthal concluded.
The company employs 343 employees according to LinkedIn. An employee who was involved in the latest round of layoffs posted that on LinkedIn that all the creative staff was cut. A ex-worker claimed that several members of the marketing department were also dismissed.
Many startups are cutting back on staff in order to lower costs and increase runways during the general economic slump. Seattle companies like Convoy, Flyhomes, Qumulo and Rad Power Bikes have all been through rounds of reductions this year.
In the year 2015 98point6 was launched in order to help make contact with a doctor as “simple like sending a message or conducting an internet-based search.” In the year 2020 the membership of its members increased at 274% driven by the demand during the epidemic.
The company provides primary healthcare across every state providing real-time access to their doctors, as well as an AI-powered chatbot, text messages and digital images. Customers include major companies like Boeing along with a number of health insurance plans as well as health care systems. It also provides direct-to-consumer services.
The company is headed by Jeff Greenstein, who was named the company’s permanent CEO following the transfer of the interim role in the wake of the resignation of the former CEO and founder Robbie Cape in August.
The company is ranked 28th in theBusiness Headers 200 which is our ranking of the most successful tech companies located in the Pacific Northwest.
In October 2020 the company the company 98point6 raised over 118 million in an Series E round that was led by the private equity giant L Catterton and late-stage investment firm Activant Capital. Goldman Sachs, an existing investor, was also a part of the. The funding was worth post-money value of $518 million as of the time as per PitchBook.
The 98point6 campaign has raised over $250 million so far.