Roughly 200 Outcome Health employees have taken the voluntary buyout offered by the troubled Chicago tech company.
Around 200 workers opted to take the buyout, according to a source with knowledge of the situation. The buyout offered employees 10 weeks of pay. The source believes another round of cuts is also likely to occur.
The majority of the buyouts were taken by Chicago employees, the source said.
Outcome had around 600 employees in offices in Chicago and New York. The company announced plans in September to add 2,000 jobs by 2022.
But all of that changed last month when the Wall Street Journal published a story about how employees at Outcome misled advertisers regarding the effectiveness of its ads. The fallout from that story has been disastrous for Outcome. Investors including Goldman Sachs and Alphabet have sued Outcome, alleging fraud. The Department of Justice has also issued subpoenas as it investigates the Outcome situation, and additional inquiries from the SEC are expected, according to court filings.
The buyouts come as advertisers, drug makers and other health partners suspend their deals with Outcome. Two of the latest groups to halt business with Outcome are the Harvard Health Publishing and the American Medical Association, according to the Wall Street Journal.
