Innovaccer Lays off 245 employees


Healthtech startup Innovaccer Inc on Tuesday said it has laid off 245 employees or about 15% of its workforce as part of a corporate realignment process.

“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 deprioritize certain areas and offerings that distract us from our core portfolio, which will result in a reduction of workforce by approximately 15%,” the company’s co-founder and chief executive Abhinav Shashank said.

However, it could not be ascertained from which departments/verticals the employees were fired. According to a spokesperson, the layoffs were undertaken across the company. The Tiger Global-backed health tech company will offer a severance package to its laid-off staff, the spokesperson confirmed.

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