HealthifyMe Layoffs

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Bengaluru-based healthtech startup Healthify (formerly HealthifyMe) laid off approximately 150 employees this week, representing about 27% of its workforce, as part of a restructuring effort. The layoffs primarily affected sales and product teams. CEO Tushar Vashist stated the move aims to achieve EBITDA profitability for its India business within the next few months and to reallocate resources for expanding its offerings in the U.S. market. The company, which raised $30 million in a pre-Series D round last year, is providing affected employees with severance packages, extended insurance, and job placement assistance. This marks the second round of layoffs at the startup, following a similar reduction in December 2021.

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