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Health Startup Calibrate Cuts 24% of Workers in Restructure (1)

July 15, 2022, 9:22 PM

Calibrate Health Inc., which raised $100 million last year, cut 24% of its workforce in a restructuring designed to get the health startup closer to profitability.

The New York-based health-tech company was founded in 2019 and was an early leader in trying to treat obesity with measures like diet, exercise and medication. The layoffs, which affected 156 of its 652 workers, in roles across the company, took place July 8.

“As a result of the restructuring, the company extends its runway and accelerates its path to profitability,” Chief Executive Officer Isabelle Kenyon said in an emailed statement. The company ...