Healthcare unicorn Pristyn Care has laid off about 120 employees as part of the restructuring process. Last year, Pristine Care reportedly sacked 350 employees across departments, with employees in sales, tech and product teams affected.
Job Cut: Healthcare unicorn Pristyn Care has laid off about 120 employees as part of the restructuring process. Employees of almost all teams will be affected by this. This restructuring exercise is part of the company’s plan to become profitable in financial year 2024-25 before going public in 2027, sources said.
About 1700 employees work
A company spokesperson was quoted as saying, “As part of the change, adjustments will be made to the workforce structure, affecting less than 7 to 8 percent of its 1,700 employees, the majority of whom are in entry-level and support functions.” Will be.” “These changes are essential for the company’s efficiency, performance excellence and long-term sustainability,” it said.
What are the employees being fired getting?
The report said that employees will be given a package based on their notice period and their ESOP vesting will also be accelerated. The startup has also extended the medical insurance coverage for the affected workers and their families for the next six months.
Last year also 350 employees were laid off
Last year, Pristine Care reportedly sacked 350 employees across departments, with employees in sales, tech and product teams affected. However, at that time the startup had said that it had fired only about 45 employees on the basis of their performance.
Revenue to increase by 45 percent in 2023
Meanwhile, Pristine Care reported 45 per cent growth in revenue at Rs 453 crore in FY23. Because in the last financial year its loss had increased by 38.2 percent to Rs 383 crore.
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