Job loss | Health tech company once valued at $2.3bn lays off every single worker

Cue Health, a diagnostic health platform, confirmed on Monday it would be laying off all its employees and closing its doors.

The company had filed a California Worker Adjustment and Retraining Notification (WARN) notice earlier in May announcing plans to lay off 189 workers from July 1, the San Diego Union Tribune first reported.

However, in an update to the paperwork on Monday, CHRO Allison Blackwell reported all 218 remaining employees would be laid off effective from Friday, May 24, including company leadership.

“On May 24, 2024, the Company will be issuing final paychecks to all employees,” Blackwell wrote in the filing. The final paycheck will include the compensation and benefits each employee would have earned until July.