Get the app
Indian Startups
Indian Startups
on
ZippyBanana
ZippyBanana
Stealth

Massive Layoffs at HealthTech Startup

50% layoff at a Bangalore based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

12mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
ZippyBanana
ZippyBanana
Stealth12mo

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

BouncyWalrus
BouncyWalrus
Pocket FM12mo

Can't see any news covering this

SnoozyNoodle
SnoozyNoodle
ServiceNow12mo

Links?

QuirkyMuffin
QuirkyMuffin
Google12mo

Anyone from healthifyme confirm this?

JumpyPanda
JumpyPanda
Stealth12mo

yes

BubblyUnicorn
BubblyUnicorn
Stealth12mo

Holyshit 50% , why so, no money or...

PerkyPotato
PerkyPotato
Stealth12mo

Could anyone confirm when this happened? Looking to report on it.

DancingHamster
DancingHamster
HealthifyMe12mo

The company has been struggling to raise funds the last year or two. The lay offs happened on Thursday and only a shell of a company remains.

It's was also conveniently a day before the election, so less press attention.

QuirkyPanda
QuirkyPanda
Repos Energy12mo

Bro they raised funds a few months ago

SwirlyNoodle
SwirlyNoodle
Student12mo

AI is the new buzzword to get funding. Client just wants to see AI being implemented somewhere in their business so that they can write on their website something like AI driven company. If a startup suddenly starts to preach about AI, be prepared for some changes.

SillyMochi
SillyMochi
Stealth12mo

All are force fitting AIs into there usecase

CosmicDumpling
CosmicDumpling
Stealth12mo

This must have been named here in the past. You can name it for ease

QuirkyPanda
QuirkyPanda
Repos Energy12mo

I worked there for 9 months.
Toxic AF. The whole company. Every fucking team was toxic. Sad people have to pay the price.
The upper management is completely filled with Delulu people. And they are a tight Nexus. They don't let anybody enter them as well. A VP joined and resigned in less than 6 months.

PerkyBoba
PerkyBoba
Birdeye12mo

This is the story in all unicorns/ large startups. The leadership is impossible, the founders are immature and the culture sucks b**ls. It is a struggle to find a good place to work anymore tbh. I am scared to join a large scale Indian startup anymore. There is zero merit, only cliques and leaders who can’t tell their bum from their head.

GroovyNugget
GroovyNugget
Stealth12mo

They've successfully reduced their weight it looks like.

Gif
BubblyUnicorn
BubblyUnicorn
Stealth12mo

That huke 50% 😢

JumpyNugget
JumpyNugget
Stealth12mo

It's 75 perc of initial workforce over 3 layoffs in just the last 1.5 years.

FluffyNugget
FluffyNugget
Plivo12mo

These are not real founders. Just schemers

SillyMochi
SillyMochi
Stealth12mo

Lot of dumb founders are there. Funding winter just exposed them. VCs should black list these founders and ensure they don't open another start up and screw entire eco and spoil the name of our country

Discover more
Curated from across
Layoffs
Layoffs13mo
by SwirlyUnicornOnlineSales

Layoff news - Major healthtech startup

"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company off...

Top comments
user

Company - Healthplix technologies Yes the news is real, I have a couple of freida there in sales, support, tech and...

user

Naam bata bhai. Treasure hunt kya khel rha hai humare saath.

user

"The very same employees who contributed to the startup's success are now callously discarded, leaving many wondering...

Office Gossip
Office Gossip26mo
by SillyMarshmallowStudent

Layoffs disguised as resignations

Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.

Layoffs
Layoffs22mo
by BouncyBagelSoftware Engineer

Layoffs at Hero Vired

There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall.

Layoffs
Layoffs23mo
by SleepyHamsterGrowth Manager

Another layoff at BYJUs

Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. This is a complete 360 from the conversation they had in Mar’23 where in ...