Kenko Health Layoffs

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Healthtech startup Kenko Health laid off approximately 20% of its workforce, affecting an estimated 50-60 employees across various functions, as reported in late August 2023. The layoffs occurred over the preceding weeks and were attributed to challenges in securing a Series B funding round, despite having raised $12 million in a Series A round the previous year. Operating in the healthtech industry, the three-year-old company offers subscription-based health expense coverage and corporate healthcare plans, boasting over 220,000 subscribers. This move reflects broader trends where growth-stage startups, even after raising significant capital, are restructuring due to funding pressures.

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