San Diego COVID Test Maker to Lay Off Half Its Workforce

Published on May 8, 2024

Cue Health, a COVID test maker based in San Diego, is laying off nearly half of its remaining workforce as business slows, the company announced May 1. Early in the pandemic, the health-testing firm developed a federally funded, over-the-counter coronavirus test. It made a name for itself after signing high-profile deals to serve as COVID screener to the National Basketball Association and Major League Baseball. With declining interest in COVID testing, however, the company’s stock value has tanked from a high of $20 a share to $0.14 Tuesday. The company has decided to refocus, according to Chief of Staff Jessie Wick, by returning to its core technology–the Cue Health Monitoring System–which offers a range of at-home testing for people to manage heart and sexual health, food sensitivities, and other conditions....

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