Indian digital well being and wellness start-up, HealthifyMe, reportedly slashed its workforce by about 30 per cent not too long ago. The trimmings affected staff throughout segments within the agency, media stories mentioned.
This marks the third layoff undertaken by the well being start-up in about two years, reported Monetary Specific. The event comes as the corporate is prioritising AI-driven options and searching into increasing its presence internationally, particularly, getting into the US market.
Quoting a laid off worker, the report mentioned, “We have been knowledgeable of the layoff on Thursday. We have been informed that our severance pay will solely are available in 4 months’ time. The communication got here as a shock to most of us, because the founder had solely final month assured all staff in an inside communication that there won’t be any extra layoffs throughout the firm.”
The report additional cited a spokesperson from HealthifyMe and siad that the corporate is within the midst of a restructuring course of supposed to boost profitability for the Indian operations by 2024 and develop capability for international expansions.
“At Healthify, we’re dedicated in the direction of attaining profitability for our India enterprise in 2024. Concurrently, we’re getting ready for a big growth into the US and different international markets this yr, the place we’re actively constructing capability for future development. In alignment with these targets, we’ve got made the tough choice of restructuring our group to streamline operations,” the corporate’s spokesperson famous.
Nevertheless, the agency additionally mentioned that it’s going to guarantee help to the employees affected by the layoffs within the type of insurance coverage protection, severance packages, and so forth. “We deeply perceive the affect of those adjustments on our affected staff and can present them sturdy help throughout this transition, together with complete severance packages, prolonged insurance coverage protection, and job placement help,” the corporate mentioned.
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