New York-based Nomad Health, which presents a web based job portal for momentary healthcare employees, has laid off 17% of its workforce because it adjusts to the post-pandemic job market.
Nomad offers a staffing market for momentary employees, permitting customers to seek for job openings nationwide, search by pay and specialty, apply for positions and handle their resume.
Alexi Nazem, CEO of Nomad, confirmed the corporate let go of 119 workers, in line with Forbes.
“Nomad Well being is an organization constructed round offering care — to clinicians, shoppers, sufferers and employees. Like so many corporations globally, now we have been confronting a serious shift within the post-pandemic economic system. We needed to realign our staffing to match the exercise available in the market, which is extraordinarily fluid. After slicing non-personnel-related spending and administration groups taking pay cuts, we made a troublesome choice to let go of 17% of our crew,” an organization spokesperson instructed MobiHealthNews in an electronic mail.
“Our management crew has met face-to-face with each single impacted worker, and we’ve supplied a variety of severance packages beginning at six weeks’ pay, which improve primarily based on tenure, in addition to transitional healthcare protection and job placement providers.”
THE LARGER TREND
In June, Nomad scored a whopping $105 million in financing, bringing its whole increase to greater than $200 million. The funding spherical got here lower than a 12 months after the corporate garnered $63 million in new equity and debt financing.
Staffing shortages had been exacerbated by the COVID-19 pandemic, which has triggered some healthcare professionals to seek safe staffing standards to protect against high patient loads.
A number of corporations within the digital well being house are attempting to handle the necessity for extra healthcare employees, together with nurse staffing platforms IntelyCare, ShiftMed and Incredible Health and Dallas-based ShiftKey, a startup that connects healthcare employees and amenities with open shifts.
The layoffs at Nomad Well being come after a plethora of well being tech and digital well being corporations have announced the need to let go of workers because of the altering financial local weather.