PharmEasy Layoffs

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PharmEasy, an Indian e-pharmacy and health tech startup, has conducted another round of layoffs, affecting employees primarily from product technology, quality analytics, and support teams, as well as technology and design. The layoffs occurred between November 29 and December 1, with the company citing reasons such as restructuring, macroeconomic challenges, and the impact of the Russia-Ukraine war. While the exact number of affected employees was not independently verified, reports indicate the startup is letting go of hundreds as part of a cost-saving drive amid a severe funding crunch. PharmEasy, which has faced difficulties raising capital, shelved its IPO plans earlier and is grappling with mounting losses, reflecting broader pressures in the tech startup industry.

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