Biote Cut 16 Jobs as Part of Restructuring

Dow Jones

May 08, 2025

By Roshan Fernandez

Biote cut 16 jobs as part of the company's restructuring plan to improve financial performance.

The restructuring was completed on May 5, the hormone- and therapeutic-health and wellness company said in a filing with the Securities and Exchange Commission.

As of Dec. 31, 2024, the company had 217 employees across 11 departments, according to an annual SEC filing.

The company anticipates between $600,000 and $800,000 in pre-tax restructuring charges, it said, which represents one-time severance benefits and other affiliated costs.

"The Company's restructuring actions seek to prioritize new clinic growth, maximize value from existing top-tier providers and strengthen accountability and discipline throughout the organization," Biote wrote in the filing.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 07, 2025 17:47 ET (21:47 GMT)

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