Olive

Olive, a health care automation startup, last month announced it was cutting 450 jobs.

According to The Columbus Dispatch, the company said the cuts are “based on the realities of today’s economy.”

Employees 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 of severance pay for each year of service, according to a company notice.

Sean Lane is Olive’s CEO.

“This is the most difficult decision I’ve had to make as CEO,” he told the Dispatch. “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.”