Healthtech startup MediBuddy laid off around 200 employees

Share via:

Healthtech startup MediBuddy laid off around 200 employees earlier this week in a restructuring exercise.

While the sudden layoffs affected employees across departments, the sources added that the tech, product, sales, and operations teams were the hardest hit. Prior to the restructuring, MediBuddy had a total employee count of over 2,400. The startup stated that it would assist impacted employees in identifying potential job opportunities through out-placement services. Furthermore, it has designed a care package that includes MediBuddy wallet continuity for the affected employees’ health and wellness, as well as extended their health insurance. Over the last year or so, Indian startups have laid off over 20,000 employees.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Healthtech startup MediBuddy laid off around 200 employees

Healthtech startup MediBuddy laid off around 200 employees earlier this week in a restructuring exercise.

While the sudden layoffs affected employees across departments, the sources added that the tech, product, sales, and operations teams were the hardest hit. Prior to the restructuring, MediBuddy had a total employee count of over 2,400. The startup stated that it would assist impacted employees in identifying potential job opportunities through out-placement services. Furthermore, it has designed a care package that includes MediBuddy wallet continuity for the affected employees’ health and wellness, as well as extended their health insurance. Over the last year or so, Indian startups have laid off over 20,000 employees.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at [email protected]

More like this

This Week in AI: Addressing racism in AI image...

Keeping up with an industry as fast-moving as AI is...

Miranda Bogen is creating solutions to help govern AI

To give AI-focused women academics and others their...

Byju’s founder, ousted by shareholders, says rumors of his...

Byju Raveendran, the founder of eponymous edtech group...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!