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PharmEasy Lays Off more employees due to financial shortage

PharmEasy Lays Off more employees due to financial shortage - hrtalk

Due to a financial shortage, local health tech business PharmEasy has reportedly laid off further staff members.

The bulk of the impacted individuals, according to Inc42, worked in the support, quality analytics, and product technology areas.

Additionally, members of the general technical and design teams also suffered.

According to the study, a number of issues, including restructuring, financial challenges, and the current Russia-Ukraine conflict, were to blame for the layoffs.

Earlier in June, Docon Technologies, a subsidiary of API Holdings, the parent company of PharmEasy, fired about 40 full-time staff members.

The bulk of individuals laid off, including business development managers, cluster leaders, and area managers, working in the sales department.

PharmEasy has added to the increasing list of firms that have let go of staff as investment drops and careless cash burn catches up with them.

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