Forward Layoffs
Industry Healthcare · Location SF Bay Area · United States · Subscribe (RSS)
Forward has 3 publicly reported layoff rounds on record between April 20, 2020 and November 12, 2024. A total of about 210 employees were affected across these rounds.
Layoff history
Forward, the San Francisco healthcare startup behind AI-powered CarePod kiosks, abruptly shut down in November 2024, eliminating all roughly 200 jobs. The company posted a notice on its website canceling all patient visits, closing its clinics, and immediately disabling its mobile app, with care transitions supported only through December 13. Forward had raised nearly $400 million over eight years, including a $100 million round just one year prior, and reached a $1 billion valuation in 2021 when SoftBank led a $225 million Series D. Despite the capital, the company never generated enough subscriber revenue to cover costs, burning through cash as its CarePod kiosks struggled with limited patient uptake, high manufacturing expenses, and technical problems. Founder and CEO Adrian Aoun declined to comment on the closure. No severance terms were disclosed.
Reason: Complete business failure; unable to scale revenue to cover costs
Source: theinformation.com
Forward disclosed a workforce reduction affecting its SF Bay Area operations in July 11, 2022.
Source: fiercehealthcare.com
Forward disclosed a workforce reduction affecting its SF Bay Area operations in April 20, 2020. Approximately 10 roles were eliminated.
Source: businessinsider.com
Data for Forward is compiled from public WARN Act filings and reporting linked above. See our methodology.