Bloomberg:
Cerebral, a telehealth startup focused on mental health, is cutting 20% of its staff, impacting “all divisions”; Cerebral was valued at $4.8B in December 2021 — Cerebral Inc., the telehealth startup focused on mental-health care, is cutting staff in a restructuring that will affect 20% …
Andrew Mendez / TechCrunch:
FOLX Health, which offers telehealth services for the LGBTQIA+ community, raised a $30M Series B led by 7wireVentures, bringing its total funding to ~$60M — FOLX Health, a telehealth company catering to the LGBTQIA+ community, closed a fresh $30 million round of funding, which it will use to expand its new support groups feature.
Ashley Capoot / CNBC:
DocuSign will lay off 9% of staff as part of a major restructuring to be completed by 2023 end, incurring charges of $30M-$40M; it had 7,461 staffers in January — – DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
Rolfe Winkler / Wall Street Journal:
BetterHelp, Cerebral, and other digital mental health companies are failing to offer quality care due to unprofessional therapists, a pressure to grow, and more — Heavy advertising and other strategies from Silicon Valley’s playbook boost providers’ growth but not the quality of care
Ingrid Lunden / TechCrunch:
Amazon launches Amazon Clinic, a telehealth marketplace for third-party virtual consultants, available in 32 US states, months after shuttering Amazon Care — The ink is not yet dry on Amazon’s $4 billion acquisition of OneMedical, but in the meantime, the online services giant is making …
Emily Olsen / MobiHealthNews:
Miami-based Brave Health, a Medicaid-focused virtual mental health care provider, raised a $40M Series C, bringing its total funding to $60M — The company announced a $10 million Series B raise last year. — Virtual mental health company Brave Health scooped up $40 million in a Series C funding round led by Town Hall Ventures.
Ian King / Bloomberg:
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s cutting about 3,000 jobs in a restructuring plan aimed …
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