San Francisco, California-based Hinge Health, a healthcare technology and software development company offering virtual physical therapy for chronic musculoskeletal conditions, has announced a 10% reduction in its workforce as it attempts to reach profitability before an IPO. The Company offers remote monitoring and digital care solutions to improve patient education and monitor physical and behavioral therapy.
The reduction will impact approximately 170 employees across various functions, including software engineers.
According to a company spokesperson, “As we continue to reimagine musculoskeletal care, we are also committed to building a long-term sustainable business. To accelerate our path to profitability, speed up decision-making, and better focus our investments, we have made the decision to realign our organization. We are incredibly grateful for all our departing team members’ contributions and are focused on supporting them through this transition.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?