Healthtech company Healthy.io has laid off 40 employees across the UK, U.S., and Israel, representing roughly one-third of its total workforce of 130. The layoffs are distributed evenly across the three countries, marking the second major reduction for the company, following the layoff of 70 employees in 2023.
Healthy.io, known for its innovative home urine test kits powered by smartphone image processing, aims to bring the company to profitability with this latest round of layoffs. The company’s technology allows patients to perform home tests for various infections, chronic diseases, and pregnancy complications using just a smartphone camera and a special sticker provided by Healthy.io. The results are analyzed via a dedicated app based on machine vision, providing immediate feedback. The company’s technology has been FDA-approved since 2018.
In a statement, Healthy.io emphasized the strategic nature of the decision, noting: “Healthy.io has developed the first FDA-cleared smartphone-powered home kidney testing program alongside an innovative digital wound management service. These solutions remove barriers to care and have enabled over one million patients worldwide to receive the testing they need.”
The company is now focusing on expanding its commercial presence in the U.S. and Europe. After a decade of development, Healthy.io’s leadership decided to realign its operations to prioritize profitability and optimize growth. The company added: “This realignment impacted approximately 40 employees and is designed to best support Healthy.io’s mission of expanding access to clinical-grade home solutions and serving patients worldwide. We deeply value each one of our talented team members, including those we had to part ways with.”
Healthy.io’s realignment highlights a broader trend within the healthtech sector, as companies work to balance innovation with financial sustainability.
