Pharmeasy laying off again. Where is it headed?

There is rumours that in upcoming week , there is mass layoff at pharmEasy .

Just heard from my seniors layoffs are know happening at pharmeasy . Already happened once in dec. Dont know whether i am secure or not .

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Do you guys agree with the list? Anymore candidates

"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company offers a two-month notice period but refuses to provide termination letters, forcing employees to quit and forfeit their rightful severance pay. The very same employees who contributed to the startup's success are now callously discarded, leaving many wondering if greed and betrayal are the new industry standards." Hint - it's amongst one of the biggest emr platform and says doctor first approach.

Reason - the team wants to accelerate timeline to profitability To those affected really sorry this community is here for you!

Heard Pharmeasy is struggling to keep afloat. What's really happening?

- API Holdings, PharmEasy's parent company, now valued at $458 million, a 92% drop from its 2021 peak. - Janus Henderson, a key investor, slashed its valuation by 91.8%, as per SEC filings. - In April, PharmEasy faced a 90% valuation cut when it raised $216 million led by MEMG and existing investors. - The company is struggling to raise Rs 3,500 crore to repay debt to Goldman Sachs, having defaulted on loan terms in June 2023. - Adverse market conditions forced PharmEasy to defer its IPO plans, initially filed in November 2021 and pulled back in August 2022. Source: [Entrackr](https://entrackr.com/2024/09/pharmeasy-valuation-slashed-to-458-mn-by-janus-henderson/)