Healthify undergoes significant restructuring, lays off 27% workforce

Healthify, a prominent healthtech startup based in India, recently underwent a significant restructuring exercise, resulting in the layoff of approximately 27% of its workforce, equating to around 150 employees. The restructuring primarily affected employees in the sales and product teams, with the aim of achieving EBITDA profitability in the Indian business within the next 3-4 months and ensuring adequate resource allocation for global expansion.

Healthify's co-founder and CEO, Tushar Vashist, emphasized the necessity of this restructuring as a crucial step towards the company's financial goals. The affected employees are being provided with robust support during this transition, including comprehensive severance packages, extended insurance coverage, and job placement assistance.

Impacted workers have been offered two months' salary as severance pay, extended insurance coverage, accelerated stock vesting in certain cases, and leave cash encashment. This move follows a similar downsizing in 2021, where around 150 jobs were cut across various teams within the startup.

Founded in 2012, Healthify offers a health and fitness app that leverages artificial intelligence (AI) to monitor diet habits, fitness routines, weight management, and personalized coaching services.