Clover Health is cutting about a quarter of its workforce so it can focus on hiring people with an expertise in health care and insurance.
Clover Health, an Alphabet-backed health insurer, has long emphasized its commitment to technology to help predict when its members are likely to get sick so the company can intervene before that happens.
"As Clover enters this new era of growth, we are restructuring some teams in recognition of our need for deep Medicare Advantage skill sets to continue propelling us forward to fully achieve our mission of improving every life," the company said. Clover, which was started in 2012 and has raised just shy of $1 billion, previously struggled to meet its customer needs, prompting the company to hire a number of new executives last year. It's since staffed up more in health care, with hires like Shea Helmle, formerly of the health insurer Florida Blue, and Kim Mullins, a longtime health consultant.
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