Telehealth Firm Hims Cuts Over 4% of Staff in Strategy Shift
Hims & Hers Health Inc. is cutting more than 4% of its workforce as it pivots away from selling cheap copycat versions of popular weight-loss drugs.
The San Francisco-based telehealth company employs more than 1,600 staff. The moves will affect 68 people across various divisions, a spokesperson said. The company didn't say which positions will be affected.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
24 minutes ago
- Bloomberg
Morgan Stanley Sees Dollar Falling 9% on Slowing US Growth Bets
The dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley. A popular gauge of the dollar will fall around 9% from current levels by around this time next year, strategists including Matthew Hornbach predicted in a May 31 note. That will exacerbate a recent decline in the greenback, as trade turmoil weighs on the currency.
Yahoo
29 minutes ago
- Yahoo
'It Won't Be China That Takes Control — It'll Be Musk': Enrique Abeyta Says Trump's AI Order Hands Elon the Reins of America's Machine Future
WASHINGTON, June 01, 2025 (GLOBE NEWSWIRE) -- Most headlines worry about foreign AI dominance. But former hedge fund manager Enrique Abeyta sees a different threat rising from within. Abeyta explains in his recent briefing that with Elon Musk's AI supercomputer Dojo accelerating toward national rollout — and President Trump's executive order removing the last legal barriers — Abeyta warns: 'It won't be China that runs the machine economy. It'll be Musk.' 'Trump just ensured Dojo stays American. But in the process, he handed Musk the keys.' Domestic Superpower: What Musk Built Dojo isn't just a chip or a data project. It's a complete, real-time AI system that's: Trained on 160 billion frames of daily real-world video Built on a proprietary chip 6x faster than Nvidia's top processor Designed to control machines in motion — not simulations Tesla's next step? The June 1st launch of a fully autonomous robotaxi — no pedals, no steering wheel, no driver. Trump's Order Removes the Last Obstacle President Trump's 'Removing Barriers to American AI Innovation' executive order gives domestic AI leaders unprecedented freedom to develop and deploy systems like Dojo without traditional oversight. One key partner in Musk's AI ecosystem is already 'expecting to receive billions of dollars from the Trump administration.' The stated goal: outpace China. The result? Musk now operates the fastest, most government-aligned AI infrastructure in the country. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager who tracked high-level capital movements and strategic shifts across markets, infrastructure, and policy. After managing nearly $4 billion in institutional capital, he now leads Breaking Profits, a research platform dedicated to exposing the next generation of power systems shaping America's future. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press GroupEmail: dwarren@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
32 minutes ago
- Wall Street Journal
Asian Currencies Consolidate; U.S. Steel, Aluminum Tariffs May Buoy
0036 GMT — Asian currencies consolidate against the dollar in the morning session, but may be buoyed by President Trump's announcement to double U.S. tariffs on imports of steel and aluminum to 50% from June 4. 'The USD is at the lower end of fair value, according to our metrics,' three members of CBA's Global Economic & Markets Research say in a research report. 'The risk is U.S. trade policy changes pull the USD below the fair value range,' the members add. The ICE USD Index is down 0.1% at 99.20; USD/JPY edges 0.1% lower to 143.67; USD/PHP is little changed at 55.80. (
