Insurtech Startup Nova Benefits Lays Off 70 Employees As Part Of Business Restructuring

Insurtech Startup Nova Benefits Lays Off 70 Employees As Part Of Business Restructuring

SUMMARY

Nova Benefits laid off employees across sales, accounts, marketing, creative teams, among others

The layoffs came a month after Nova Benefits laid off around 10 employees

According to the Inc42 layoff tracker, around 10,608 employees (including Nova Benefits) have laid off by Indian startups in 2022 so far

Bengaluru-based insurtech startup Nova Benefits laid off around 70 employees across sales, accounts, marketing, creative teams, among others, this week. 

In a mass mail, accessed by Inc42, the startup’s founders informed about the layoffs to those employees who were retained. The founders said that they had to make “difficult people decisions”. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.