Health insurance marketplace GoHealth has said it will lay off about 800 employees, with approximately 100 of the reductions occurring in Chicago.
The cuts represent 20% of its workforce and come as the company has struggled to control costs despite seeing revenue growth, mostly on commissions from selling Medicare-related policies. In June, GoHealth shook up its top management, bringing in outsiders as CEO and chief financial officer. At the same time, two co-founders moved from day-to-day responsibilities to roles on the board of directors.
