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Inc42
| 12dHealthify Fires 150 Employees In A Restructuring Exercise
Indian healthtech startup Healthify (formerly healthifyme) has laid off around 150 employees, or 27% of its workforce, in a restructuring aimed at making its India business EBITDA profitable and expanding its offerings in the US market. The majority of the job losses affected sales and product teams. The impacted employees have been offered severance pay, extended insurance coverage, accelerated stock vesting periods, and leave cash encashment. The layoffs come after Healthify raised $30m in a pre-Series D funding round last year. The company's net loss declined in FY23, while revenue from operations increased by 23% from FY22.
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