Why Teladoc Health Stock Was Sliding Today
Shares of Teladoc Health (NYSE: TDOC) were moving lower Wednesday after the company announced a restructuring plan that included laying off roughly 6% of its non-clinician workforce, or about 300 people, and reducing its real estate footprint.
The moves come as a number of other tech companies have announced layoffs and as Teladoc has struggled in the aftermath of its pandemic boom. Its shares are now trading below where they were when the health crisis began.
As of 2:38 p.m. ET, the stock was down by 5% for the session.
Source Fool.com
