Tags: Athenahealth | job cuts | technology | healthcare

Athenahealth Cuts 140 Technology Jobs in San Francisco, Atlanta

Athenahealth Cuts 140 Technology Jobs in San Francisco, Atlanta

(Dreamstime)

By    |   Monday, 31 October 2016 02:46 PM

Athenahealth, a maker of cloud-based software for doctor’s offices, cut more than 140 people in two offices in an effort to control research and development costs.

The information technology firm, based in Watertown, Massachusetts, fired 102 people in San Francisco and another 40 in Atlanta, according to the Boston Business Journal. The company had employed about 5,200 workers.

Company spokeswoman Holly Spring told the newspaper that R&D functions will be focused in Watertown, Austin, Texas, and in India.

“We think by doing this we’ll be bringing our R&D teams closer to our R&D leaders and we also think we’ll be better positioned to accelerate our innovation and also achieve new efficiencies,” Spring told the newspaper.

Athenahealth has fallen 36 percent this year to about $103.18 a share, the lowest in more than three years. The stock peaked in February 2014 at more than $195 a share.

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Athenahealth, a maker of cloud-based software for doctor's offices, cut more than 140 people in two offices in an effort to control research and development costs.
Athenahealth, job cuts, technology, healthcare
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2016-46-31
Monday, 31 October 2016 02:46 PM
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