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The job cuts at Cue Health come after rapid growth from making COVID-19 testing kits during the pandemic. The biotech laid off 170 workers last summer.
/PRNewswire/ -- Cue Health Inc. (Nasdaq: HLTH), a healthcare technology company, has partnered with actress Jamie-Lynn Sigler, the actress best known for her...
Local biotech company Cue Health will lay off 170 workers. The company grew rapidly thanks to its COVID-19 test and big-name partners like the NBA & Google. Less than a year after going public, they are cutting workers due to "economic challenges."
Cue said it made the decision due to larger economic challenges and the federal government's recent move to divert funding from COVID-19 tests.