27% of Healthify's workforce (150 employees) laid off in restructuring for India profitability and global expansion.
Healthify, a homegrown health tech startup, has laid off 27% of its workforce (about 150 employees) in a restructuring exercise. The affected employees from sales and product teams will receive robust support including severance packages, extended insurance coverage, and job placement assistance. Healthify co-founder and CEO Tushar Vashist stated that this step will help the India business turn EBITDA profitable within 3-4 months, and ensure sufficient resource allocation for global expansion.
April 27, 2024
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