🌎 San Francisco, CA ∙ 👩 47 employees (6%) ∙ 🖥 Multiple departments
Alto Pharmacy, an online delivery startup for prescription drugs, laid off 47 employees (6%), a company executive told Layoffs.fyi. The San Francisco-based startup is just months removed from a $250 million funding round led by Softbank.
The COVID-19 pandemic has been a boon to telemedicine and prescription delivery startups in general. With fresh funding in the bank and the tailwinds of the pandemic, it’s not clear why Alto needed to perform a layoff.
Alto sent the following written statement:
Last week we made the difficult decision to eliminate a small percentage of the roles at Alto. As we continue to scale, we recognize the need to streamline operations and reallocate resources to better serve our customers and our continued long term growth. For those affected, we are grateful for their contributions to Alto and are working to support them with a significant severance and extended healthcare coverage. We are continuing to hire for roles critical to our mission and the service of our patients. We have never been more encouraged about our progress in building Alto and the need for a better pharmacy experience.
The company also prepared a talent directory to increase visibility for laid-off employees (see link below 👇)
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