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The Wall Street Journal: Cerebral to cut jobs amid lower growth targets

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Telehealth startup Cerebral Inc. told staffers it is cutting jobs and restructuring its operations in moves that will affect about 20% of its employees, shrinking the company to match patient demand and lower growth targets.

In a memo to staff on Monday, Chief Executive David Mou said the changes would be spread across all divisions, including headquarters, clinical-care teams and support staff. He said employees would be notified over the course of the week, according to the memo, which was viewed by The Wall Street Journal.

“These are challenging times for many companies,” Mou wrote. “In order to continue to work towards our mission, we have a duty to our patients to ensure our business is healthy and sustainable throughout challenging economic times.”

A Cerebral spokesman said the moves are part of the company’s efforts to streamline operations while giving priority to clinical quality and safety. He declined to say how many jobs were being eliminated from the San Francisco-based company.

An expanded version of this report appears on WSJ.com.

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