In efforts to become cash flow positive, EHR vendor Practice Fusion has laid off approximately 74 people, a quarter of its workforce, reports TechCrunch.
The layoffs include employees in engineering, product, marketing and customer success departments, according to the report.
In a company meeting, Practice Fusion CEO Tom Langan said the layoffs were necessary to be profitable, according to the report.
TechCrunch suggests the layoffs are part of the company's preparation to go public. Practice Fusion hired JPMorgan Chase in 2015 to explore the possibility of an initial public offering in 2017.
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