PharmEasy, the Indian healthtech brand, has reportedly laid off employees across various departments. The healthtech startup had cut some jobs earlier this year also.
As reported by IANS, PharmEasy has let go some more employees in another round of layoffs. However, specific numbers have not been made public officially, and therefore, the exact number of people affected is yet to be known.
These layoffs are reportedly being resorted to for the very reasons that most organisations are reducing headcount, globally. That is, the need for restructuring, the unfavourable economic conditions prevailing across global markets, rising inflation and the ongoing Russia-Ukraine conflict.
Reportedly, employees across various departments such as product technology, quality analytics and customer support will be asked to lave. A report by Inc42 states that some of the leading departments such as technology and design will also be impacted by the recent layoffs.
The startup world has been going through tough times as many of them have announced plans to lay off some of their employees. Recently, companies such as Swiggy and Vedantu announced their layoff plans, and PharmEasy is the latest on the list.
Reportedly, earlier in June, API holdings, the parent company of PharmEasy, also laid off around 40 full-time employees across various departments. The sales department was the most affected as the majority of roles such as development managers, area managers, and cluster heads were laid off at its electronic medical record subsidiary, Docon Technologies.