Firing Spree Continues: Healthify, Oyo, ShareChat cut jobs

Homegrown healthtech and fitness startup HealthifyMe is laying off 20 percent of its workforce in view of the looming recession

Health Tech Startup Joins Layoff Bandwagon

Healthify has let go of around 150 employees, as per media reports. The company is apparently offering a two-month severance package and will also extend medical coverage to impacted employees 

Healthify Layoffs: Severance Package Offered

The health tech startup’s layoffs have impacted employees in quality analytics, subject matter expert, product and marketing roles

Employees Impacted

Budget hotel chain Oyo recently announced that it is cutting approximately 600 jobs across its product and engineering teams

Oyo Slashes Jobs

Oyo declared that it is shutting down projects and merging teams. The company also said that it is hiring around 250 employees for the sales team

Oyo Hirings 

Homegrown social media platform ShareChat has laid off about 5 percent of its workforce and shut down the fantasy gaming platform Jeet11

ShareChat Layoffs

Sharechat employs over 2,200 people across verticals, meaning the layoffs have affected well over 100 employees

ShareChat’s Workforce

The Indian arm of Fidelity National Information Services' (FIS), an American multinational corporation working in the fintech space, recently handed pink slips to over 400 employees

Indian Arm Of American MNC Hands Pink Slips

Technology startups in India have sacked around 18,000 employees since the start of 2022. Layoffs have become an industry-wide trend with start-ups adopting all measures to survive the funding winter and battle a looming recession 

Layoffs Gaining Ground

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