Illustration: Shoshana Gordon/Axios. Logo: FemTec Health
FemTec Health CEO and chair Kimon Angelides furloughed at least six staff members on Monday — including himself and the company's chief scientific officer — per current and former employees and a letter to the affected employees viewed by Axios.
Why it matters: The furloughs at the women-centered care startup are the third round of cuts since July and follow an Axios investigation this month that raised questions about the company's financial and operational stability.
