GoHealth cuts workforce by 20% in latest mass layoffs at Chicago tech company

GoHealth, a Chicago-based online health insurance marketplace that specializes in Medicare plans, is laying off 20% of its workforce.

The GoHealth layoffs follow a similar downsizing announcement Monday at Chicago-based Groupon, which cut 15% of its workforce.Founded in 2001, GoHealth started as a health insurance technology platform and evolved into a digital marketplace that helps match an aging population with Medicare Advantage plans., raising $914 million to fuel expansion plans. Last year, the company generated nearly $1.1 billion in revenue, but had a net loss of $534 million, including goodwill impairment charges.

GoHealth had about 5,500 employees at the end of last year, according to its annual report. The company had 967 employees in Chicago as of November 2021, according to the Chicago TribuneThe workforce was down to about 4,000 employees worldwide as of June, the company reported. The corporate headquarters are located at 214 W. Huron Street in River North.

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