Breathe Layoffs
June 2022
Breathe announced a layoff affecting 50 employees (33% of its workforce) in June 2022. The company operates in the Healthcare sector.
50
33%
Jun 14, 2022
About
Breathe Well-being, a Gurugram-based healthtech startup focused on diabetes reversal, has laid off approximately 50 employees, representing nearly 30% of its workforce, in recent weeks. The company, which had around 170 employees, was forced to cut costs due to significant financial losses and an inability to secure new funding. This move follows aggressive hiring earlier in the year in anticipation of investment that never materialized, leading to rescinded job offers for new hires as well. The layoffs, occurring in mid-2022 amid a broader economic downturn, affected various departments including sales, operations, and tech. Backed by Accel and other investors, Breathe Well-being highlights the challenges faced by startups in sustaining growth without continuous capital infusion.
Source
View Sourceinc42.comMore Healthcare Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl