San Francisco, California-based Innovaccer, a digital health platform operator that helps its clients connect healthcare data across multiple systems and settings, has announced a 15% reduction in its workforce.
The reduction in force will impact 245 employees.
Co-founder and chief executive Abhinav Shashank, noted “We are taking the much-needed step of doubling down on our core capabilities and streamlining our organizational focus. As a result, we are going to deprioritize certain areas and offerings that distract us from our core portfolio, which will result in a reduction of workforce by approximately 15%."
"Our priority is to fully support the impacted employees, including by offering a generous package, transitional health insurance benefits, and job placement support."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?