Layoffs at Olive the latest in several area job cuts

The Columbus-based health technology company Olive announced Tuesday that it is cutting 450 jobs, the latest of several Columbus companies to reduce staff.

Olive, whose headquarters are at 99 E. Main St. Downtown, said the cuts are “based on the realities of today’s economy.”

Workers were told their work will stop immediately. They will be paid and will receive benefits for 60 days and will be eligible for two weeks severance pay for each year of service, according to a company notice shared with The Dispatch. 

“This is the most difficult decision I’ve had to make as CEO,” sad Sean Lane, who founded Olive in 2012. “But I make it knowing this is the right strategy for us to deliver on Olive’s mission. I’m inspired by what we have done and will continue to do to ensure Olive’s transformative impact for many years to come.”