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Cue Health Lays Off 170 People Amid Economic Challenges

 
• By Marion Webb

COVID-test maker Cue Health said it laid off 170 people in its manufacturing facility but remains “confident in its long-term strategy.”

Rails
• Source: Shutterstock

After striking partnerships with organizations that include the Major League Baseball, the National Basketball Association, Google and the Mayo Clinic and reaching a $3bn valuation, Cue Health Inc., which developed the Cue COVID-19 at-home test, said on 28 June it laid of 170 manufacturing workers.

A spokesperson for the San Diego, CA-based company cited “economic challenges” and the “US government’s recent decision to reduce funding for COVID-19 testing” as reasons for laying off roughly 10%...

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