In June 2023, healthtech startup Glamyo Health, based in Delhi NCR, conducted significant layoffs as part of a broader cost-cutting effort amid challenging market conditions and a funding winter. According to reports and a police complaint filed by an employee, the company let go of around 50 employees over two months, with a sudden wave of terminations occurring just days prior without prior notice, severance clarity, or settled salaries. Allegations surfaced that the founders intended to leave India after shutting operations, though these were later contested. The layoffs impacted various roles, including doctors and medical coordinators. Glamyo Health, which provides elective surgery coordination and last raised $3 million in 2021, joins numerous Indian startups facing workforce reductions due to adverse economic pressures.
