Chilean healthtech startup Examedi laid off approximately 45 employees, comprising 30 in Chile and 15 in Mexico, which represents about 25% of its workforce in those markets. The layoffs, announced in April 2023, were part of a restructuring aimed at improving business efficiency and achieving profitability, according to co-founder and CEO Ian Lee. The company, which had raised a $17 million Series A round in June 2022, stated the cuts would not affect its short-term plans in either country. This move reflects the broader challenging environment for startups, prompting adjustments to ensure sustainability.
