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Healtech startup Innovaccer lays off 15% employees amid structural rejig

An Innovaccer spokesperson said that the company's priority is to fully support its impacted employees, which includes offering them a generous package

BS Web Team New Delhi

Premium

Illustration: Binay Sinha

2 min read Last Updated : Jan 24 2023 | 9:52 PM IST

Innovaccer, a healthtech startup, on Tuesday announced that it has laid off 245 employees which is about 15 per cent of its workforce as part of a corporate realignment process, reported Livemint.

Innovaccer was founded in 2014 by Abhinav Shashank, Kanav Hasija and Sandeep Gupta. The company provides a software-as-a-solution (SaaS) platform that helps its clients connect healthcare data across multiple systems and settings.

The company’s co-founder and chief executive Abhinav Shashank said, "We are taking the much-needed step of doubling down on our core capabilities and streamlining our organizational focus. As a result, we are going to deprioritise certain areas and offerings that distract us from our core portfolio, which will result in a reduction of workforce by approximately 15 per cent."