San Diego COVID Test Maker to Lay Off Half Its Workforce

In 2021 amid the pandemic, Cue Health was valued at $2.3 billion. Now it’s worth about $22 million.

Coronavirus testing in Santa Ana, Calif., on Aug. 25, 2021. John Fredricks/The Epoch Times

Cue Health, a COVID test maker based in San Diego, is laying off nearly half of its remaining workforce as business slows, the company announced May 1.

Early in the pandemic, the health-testing firm developed a federally funded, over-the-counter coronavirus test. It made a name for itself after signing high-profile deals to serve as COVID screener to the National Basketball Association and Major League Baseball.