Breathe Well-being fired about 100 employees in a restructuring exercise last week, sources said, adding that the number could be as high as 120
However, cofounder and CEO Rohan Verma said that the startup has let go of 90 employees from its India team. He added that the startup has recently closed a fresh funding round
Breathe Well-being, which helps prevent, manage and reverse Type 2 diabetes, plans to focus only the global markets, especially the US, going ahead
Delhi NCR-based Breathe Well-being fired about 100 employees in a restructuring exercise last week, sources told Inc42.
The reason behind the layoffs was that the startup has not been able to raise fresh funding and only has a runway of 6 months to 1 year, the sources said, adding that the number of employees impacted by the restructuring exercise could be as high as 120.