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Posted on August 04, 2022

Alto Pharmacy lays off 47 employees

Alto Pharmacy lays off 47 employees

Alto Pharmacy, an online delivery startup for prescription drugs, laid off 47 employees (6%), a company executive told Layoffs.fyi. The San Francisco-based startup is just months removed from a $250 million funding round led by Softbank.

The COVID-19 pandemic has been a boon to telemedicine and prescription delivery startups in general. With fresh funding in the bank and the tailwinds of the pandemic, it’s not clear why Alto needed to perform a layoff.