Digital Health Company Babylon Shuts Down U.S. Operations, Announces Layoffs

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The troubled virtual care firm, which has been looking for a buyer, told the Texas Workforce Commission it would “permanently close” its Austin headquarters as of August 7.

suggests it has partnerships with insurers in 12 states, mainly with Medicaid plans for low-income patients, including Medicaid plans in California, Georgia, Iowa, India and Mississippi, among others.as of December 2022 and around 35% percent, or 660 people, were based in the U.S.. Under the federal Worker Adjustment and Retraining Notification Act, known as WARN, certain employers must provide at least 60 days notice of mass layoffs with some exceptions.

The company said it “diligently pursued several financing and transaction options,” but it could not reach a deal. “[A]s a result, we are now forced to cease operations, liquidate its remaining collateral and shut down the business.”If you are a Babylon employee or patient, you can contact reporter Katie Jennings via the Signal app at +1-646-504-3008 or

 

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