Heidi Health cuts 18% of staff after funding
Key points
- Medical software firm Heidi Health announced it will cut 18% of its workforce following the departure of two co-founders.
- The layoffs follow a recent $140 million funding round that secured unicorn status for the business.
- The company stated the restructuring aims to focus team investments and align its product roadmap.
Medical software firm Heidi Health announced plans to reduce its workforce by 18% following the departures of chief technology officer Yu Liu and CFO Waleed Mussa.
The restructuring follows the departure of the two executives just after the company secured a $140 million funding round.
The layoffs are expected to heavily impact the Melbourne-based research and development team, alongside customer support and sales divisions.
"After reviewing our priorities in detail, we’ve made difficult choices about where to focus our team and investment to deliver the greatest impact for customers going forward," Heidi Health co-founder Thomas Kelly wrote in a company-wide update.
The company stated that the reorganisation is designed to bring more customer support into product development and establish a single research roadmap.
The business was founded six years ago and has distributed staff across Australia, the United States, Singapore, Japan, and Canada.
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