Tia, a women-focused healthcare company backed by Melinda French Gates, has cut 23% of its total workforce, eliminating roughly 72 positions across several divisions according to Business Insider.

The digital health sector has seen setbacks with companies like Forward and VillageMD facing challenges, including Walmart closing all 51 health centers due to revenue issues.

Tia implemented financial measures beyond layoffs, including reducing executive compensation and scrutinizing operational costs to optimize administrative and care support roles, reported by Business Insider.

Read more at Yahoo Finance: Melinda French Gates-Backed Startup Tia Cuts 23% Of Staff As Profit Pressures Mount Across Women’s Health Industry