Friday Health Plans, a Denver-based health insurance tech company that’s raised more than $300 million in capital, cut 98 employees in companywide-layoffs. According to a Worker Adjustment and Retraining Notification Act (WARN) notice issued to the state Wednesday, the layoffs will take effect April 30. The given reason for the cuts was "a loss of business." The terminated employees were concentrated at Friday’s headquarters in Denver, as well as its largest office in Alamosa. Various roles were cut, including 24 care representatives, 10 medical department specialists, nine claims analysts, six nurse coordinators and four marketing and sales coordinators, among other jobs. Friday, founded in Denver eight years ago, grew to offer health plans in 185 counties across seven states and serve more than 330,000 members as of May 2022. However, the company announced late last year that it would end its coverage in Texas and New Mexico in 2023. At the time, Friday said it would work toward offering health plans in those states again in 2024. The company now offers plans in Colorado, Georgia, Nevada, North Carolina and Oklahoma. It was uncertain Thursday how the end of its operations in Texas and New Mexico affected its membership base. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
