The startup had let go of employees as it was unable to secure new round of funding and was high on losses
The startup had even rescinded offers to new joinees
According to Inc42 Layoffs Tracker, Indian startups (including Breathe Well-being) have laid off around 9,568 employees in 2022
Gurugram-based Breathe Well-being became the latest startup and second healthtech startup to join the growing lists of Indian startups who have laid off its employees during this economic downturn. The healthtech startup that offers diabetes reversal solutions to its customers has laid off around 50 employees or almost 30% of its workforce in the past couple of weeks.
According to sources, the startup had to let go of its employees to cut costs as it was running in losses and was unable to secure a new round of funding. The startup had let go of employees from sales, operations, tech, talent acquisitions, among other teams. Impacted employees were offered severance packages based on their…