Virtual care company Teladoc is laying off 6 percent of its staff, or 300 positions, in its non-clinician workforce, MarketWatch reported Jan. 18.
CEO Jason Gorevic told employees in a letter that the cuts would target redundant roles as part of a plan to support Teladoc’s path toward profitability, according to the report.
The company expects the cuts to lead to a $6 million reduction in stock-based compensation for the first quarter of 2023.