business ๐ฅ Even Healthcare cuts 350 jobs despite new funding
Healthtech startup Even Healthcare has laid off around 350 employees as it pivots its business strategy. This action took place in Bengaluru as the company shifts focus away from its insurance business to a hospital-led model. The layoffs occur while Even is in the process of raising $50 million, following earlier raises totaling over $70 million. This restructuring aims to lower costs and boost operational efficiency for the company. The outcome will determine if the new approach can create a more sustainable growth path for Even. ๐ฅ