Co-founder and CEO of Innovaccer
“Innovaccer has always believed in empowering its customers to accelerate their transformations leading to higher quality of care for patients and populations, improved patient experiences and better financial and operational performance,”
The startup said it will provide severance payments to affected employees, as well as temporary health insurance and job-finding assistance.
This is the company’s second layoff in about 4-5 months amid the deepening funding winter and recession fears.
In September last year, Innovaccer laid off nearly 120 employees, or less than 8 percent of its workforce, due to “tough economic conditions,” and most of the layoffs occurred within the technical teams.
Innovaccer had said that company fundamentals are still strong.
“However, given the current economic conditions, we have made a small headcount reduction to optimize our cost structure,” the company said.
The startup raised $150 million
In December 2021, Innovaccer raised $150 million, thanks to rapid customer adoption of the
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