Categories
Brand Strategy

Digital health unicorn Innovaccer lays off 245 employees [Video]

Watch/Read More

Innovaccer, a health data analytics startup that reached unicorn status in 2021, has laid off 245 workers, or about 15% of its workforce.

First reported by Inc42, the cuts mark the company’s second round of layoffs in several months. In September, Innovaccer confirmed it had laid off 90 employees, which made up 8% of its workforce at the time.

Innovaccer said the cuts affect workers across geographies and company verticals.

“Innovaccer has always believed in empowering its customers to accelerate their transformations, leading to higher quality care for patients and populations, improved patient experiences, and better financial and operational performance,” cofounder and CEO Abhinav Shashank said in a statement. “This will be our central focus as the industry shifts from a predominantly fee-for-service model to value-based, consumer-centric care. Hence, we are taking the much-needed step of doubling down on our core capabilities and streamlining our organizational focus.” 

THE LARGER TREND

Innovaccer …