Virtual Care Unicorn Ro Lays off 18% of Workforce

In February, Ro announced a $150 million fundraise that bumped its valuation to $7 billion. Months after announcing a $150 million fundraise that boosted its valuation to $7 billion, direct-to-consumer virtual care company Ro is laying off 18% of its workforce. "While we took steps over the last six months to prepare for a possible downturn, including raising additional capital and narrowing our focus, we came to the unfortunate conclusion that we needed to make more significant changes to manage expenses, increase the efficiency of our organization and better map our resources to our current strategy," CEO Zachariah Reitano wrote in an email to staff first obtained by TechCrunch and Insider.