Pristyn Care Layoffs

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Pristyn Care, a surgery-focused hospital chain and unicorn based in Gurugram, has laid off approximately 120 employees, representing about 7% of its 1,700-strong workforce. This move, announced in early March 2024, is part of the company's strategic restructuring to achieve profitability by FY25 and prepare for an initial public offering targeted for 2027. The layoffs primarily affect entry-level and support roles following the discontinuation of three redundant business categories and an exit from six underperforming cities. This marks the second round of workforce reductions in a year, as the healthcare startup aims to streamline operations, reduce costs, and improve financial sustainability amid growing revenues and efforts to cut significant losses.

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