“Healthify Implements Staff Reduction in Restructuring Move Layoffs of 150 Employees”
Healthify, a prominent digital health and wellness company, has recently announced layoffs affecting 150 employees as part of a strategic restructuring plan. This move, according to Tushar Vashist, the company’s co-founder and CEO, is aimed at achieving profitability in India while simultaneously expanding globally, particularly targeting the US market.
Healthify, a prominent digital health and wellness company, has recently announced layoffs affecting 150 employees as part of a strategic restructuring plan. This move, according to Tushar Vashist, the company’s co-founder and CEO, is aimed at achieving profitability in India while simultaneously expanding globally, particularly targeting the US market.
Vashist emphasized the necessity of this restructuring to ensure Healthify’s India business becomes EBITDA profitable within the next few months. He stated, “This restructuring was an unfortunate but crucial step in line with achieving profitability. We also have to make sure we have enough resource allocation for global expansion.”
The company has assured impacted employees of comprehensive severance packages, extended insurance coverage, and job placement assistance. This decision aligns with Healthify’s broader strategy to streamline operations for sustainable growth and increased competitiveness.
Founded in January 2012 by Tushar Vashist, Mathew Cherian, and Sachin Shenoy, HealthifyMe—commonly known as Healthify—offers a range of digital tools focused on improving nutrition and fitness. These include HealthifySnap for meal tracking via photos and AI Coach Ria, a personalized AI health coach providing tailored guidance, among other services.
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