The company’s operating costs last year were double its revenue growth, a gap that would be “unsustainable long-term” in any economic climate, but even more difficult to close with “a challenging macro environment,” he said. There have been some rumors about the startup for months, but Ek’s interest in the healthcare industry is at least a decade old.Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, becoming yet another tech company resorting to layoffs as the post-pandemic economic outlook weakens.ĬEO Daniel Ek announced the restructuring in a message to employees that was also posted online.Īs part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.īig tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode during the Covid-19 pandemic waned.Įk said Stockholm-based Spotify was no different. While the announcement was unexpected, Ek’s decision to venture into the industry was not. These scans, which are open to the public and only take a few minutes, only cost around $190 (2,000 SEK). However, Neko Health’s full-body scans are looking to push back. In the US, healthcare costs have been rising year by year, and the same is true in Sweden and the European Union. Healthcare costs have been rising around the world. Neko Health’s Fight Against Rising Healthcare Costs

While doctors still have the important role of reviewing everything and communicating with patients, the results can be tracked and viewed by patients via app. To make things even more efficient, the data is then processed by a “self-learning AI-powered system.” The results are then sent to doctors and patients, a trend likely to be seen more often as AI’s presence continues to increase in healthcare.

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