Telehealth Firm Hims Cuts 4% of Staff in Strategy Shift (1)

Hims & Hers Health Inc. is cutting more than 4% of its workforce as it pivots away from selling cheap copycat versions of popular weight-loss drugs.

The San Francisco-based telehealth company employs more than 1,600 staff. The moves will affect 68 people across various divisions, a spokesperson said. The company didn’t say which positions will be affected, but emphasized the changes will “sharpen” how it executes its business plans and won’t affect the “priorities or the specialties we’re committed to.”

“While not easy, this step reflects our commitment to invest in the areas that will define our future,” the company ...