ExploreInsights

Talkspace’s November Gets Worse as its President Resigns

George PaulExecutive Moves

Editorial credit: Ben__Stevens / Shutterstock.com

A week after losing its CEO and Head of Clinical Services, embattled digital behavioral health service Talkspace has revealed that its President and COO, Mark Hirschhorn, is no longer with the company.

Hirschhorn resigned his position at Talkspace, effective immediately, after an internal review related to remarks he made at a company offsite last week, per a company announcement. The company didn’t elaborate on the nature of his comments.

Hirschhorn has been with Talkspace since February 2020. Before that, he held the CFO role at ArisGlobal and the CFO and COO positions at Teladoc Health.

The abrupt departure comes less than a week after Talkspace’s co-founders, CEO Oren Frank and Head of Clinical Services Roni Frank, left their roles following disappointing financial results.

Talkspace’s executive team will assume Hirschhorn’s responsibilities moving forward as it looks to right the ship. In the last quarter, the company generated $26.4 million in net revenue, a 23% year‐over‐year increase but still below expectations, partly due to fewer new user acquisitions in the direct‐to‐consumer business.

Talkspace has already retained executive search firm Korn Ferry to help recruit its next CEO, making it likely that the company will use the firm to find a new COO as well.

Want executive changes at your fingertips?

Sign up for our new premium data product

Gain access to better, faster leads served to you live via thousands of weekly executive team changes captured by The Org. Tap into the world’s biggest collection of org charts for data on executive changes specific to your industry and company size. Click here to join the waiting list for our beta product - the first 500 beta users will receive 50% off.

By clicking "Continue" or continuing to use our site, you acknowledge that you accept our Privacy Policy and Terms of Use. We also use cookies to provide you with the best possible experience on our website.