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Nomad Health, a healthcare staffing startup, has laid off 17% of its workforce.

Nomad Health, a healthcare staffing startup, has laid off 17% of its workforce.

Nomad Health, a job-matching platform for nurses and other healthcare professionals, has announced another round of layoffs. On October 3, 2023, the company confirmed the job cuts in an internal email to employees.

This is the company’s second reduction in workforce, following recent job cuts in February when it let go of 17% of its employees, primarily in its corporate division. The company admitted that it had overestimated demand in the healthcare staffing sector and was overly optimistic.

The company did not disclose the exact number of employees affected in this latest round of layoffs. However, according to media reports, the company has reduced its workforce by 25% this time, affecting non-clinical employees. This information is supported by at least eight LinkedIn posts from current and former employees, as reported by Insider.

Despite the high demand for contract nurses and allied health professionals, the company stated that it is currently facing budget deficits, which are affecting its ability to meet its staffing needs. As a result, the staff reductions were deemed a necessary but difficult response to these changing demands.

Several healthcare staffing firms have had to lay off employees this year as the cost of medicines and medical equipment has risen, making it more difficult for hospitals to allocate resources for hiring staff.

For example, in June, CareRev cut one-third of its corporate staff, ConnectRN, a company that connects nurses with job opportunities, cut 20% of its staff, and IntelyCare laid off around 30 people in July.

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