Healthtech startup Glamyo implements layoffs and denies false allegations as reported by some websites

Share via:

Amid challenging economic conditions, surgery care startup Glamyo Health has joined the ranks of struggling companies resorting to significant cost-cutting measures. The company recently laid off several employees across various departments, including sales, operations, and city management.

Glamyo Health’s largest investor, Agility Ventures, responded to queries from Startupnews.fyi by stating that they are closely evaluating the situation and will provide assistance and support to Glamyo in navigating these developments once they have a better understanding of the situation.

Additionally, false allegations like filing of FIRs, founder fleeing the country, filling of bankruptcy have been circulating in the news , falsely reported by Yourstory first. Several websites reported these allegations without verifying their accuracy.

Glamyo Health operates by partnering with over 350 hospitals and clinics to offer elective and cosmetic surgeries. However, the challenging economic environment has necessitated the implementation of cost-saving measures to ensure the company’s sustainability.

As Glamyo Health navigates these tough times, its investors and stakeholders will play a crucial role in supporting the company and helping it adapt to the changing business landscape.

According to Monetcontrol, with funding taps down to a drip, Indian startups have let go of almost 6,000 employees in the first four months of 2023 in a bid to reduce costs and target profitability. About 41 startups let go of approximately 5,868 employees in the first four months of 2023

Mensa Brands, a house of brands platform, had to lay off approximately 30 employees from India Lifestyle Network (ILN), a company it recently acquired. This came after virtual events platform Airmeet’s layoff of around 250-300 employees, and reports of Reliance JioMart reducing its workforce by over 1,000 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 Glamyo implements layoffs and denies false allegations as reported by some websites

Amid challenging economic conditions, surgery care startup Glamyo Health has joined the ranks of struggling companies resorting to significant cost-cutting measures. The company recently laid off several employees across various departments, including sales, operations, and city management.

Glamyo Health’s largest investor, Agility Ventures, responded to queries from Startupnews.fyi by stating that they are closely evaluating the situation and will provide assistance and support to Glamyo in navigating these developments once they have a better understanding of the situation.

Additionally, false allegations like filing of FIRs, founder fleeing the country, filling of bankruptcy have been circulating in the news , falsely reported by Yourstory first. Several websites reported these allegations without verifying their accuracy.

Glamyo Health operates by partnering with over 350 hospitals and clinics to offer elective and cosmetic surgeries. However, the challenging economic environment has necessitated the implementation of cost-saving measures to ensure the company’s sustainability.

As Glamyo Health navigates these tough times, its investors and stakeholders will play a crucial role in supporting the company and helping it adapt to the changing business landscape.

According to Monetcontrol, with funding taps down to a drip, Indian startups have let go of almost 6,000 employees in the first four months of 2023 in a bid to reduce costs and target profitability. About 41 startups let go of approximately 5,868 employees in the first four months of 2023

Mensa Brands, a house of brands platform, had to lay off approximately 30 employees from India Lifestyle Network (ILN), a company it recently acquired. This came after virtual events platform Airmeet’s layoff of around 250-300 employees, and reports of Reliance JioMart reducing its workforce by over 1,000 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 office@startupnews.fyi

More like this

Will Tira’s Private Label Play Help Reliance Retail Outpace...

Private labels have become a powerful vertical for...

Crypto icon Kabosu, the Doge meme dog, passes away...

Kabosu, the Shiba Inu who became an internet...

Algorand causes a stir with new ad bashing Bitcoin,...

The Algorand Foundation’s latest ad takes a swipe...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!