Santa Monica, CA

Layoff Date:

May 24, 2021

Laid Off Employees:


Laid Off Percent:


Source: Los Angeles Business Journal
Executives with Santa Monica-based Ontrak Inc. confirmed in early May that the company had laid off 35% of its workforce in March following the loss of its largest contract with health insurer Aetna. Ontrak has developed a technology platform that draws on medical data and telehealth communications to help its health plan customers manage patient behavioral health treatment costs. With Ontrak disclosing in its annual report that it had 726 employees as of Dec. 31, the 35% cut in the workforce translates to roughly 250 employees.
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