Exclusive: IPO-Bound PharmEasy Lays Off 40 Employees From Subsidiary Docon Technologies

Exclusive: IPO-Bound PharmEasy Lays Off 40 Employees From Subsidiary Docon Technologies

SUMMARY

PharmEasy laid off employees from sales team who were working for Docon Technologies

Docon Technologies was unable to scale up its revenue and was running in loss

As per Inc42’s layoff tracker, Indian startups (including Docon) have laid off around 9,608 employees in 2022 so far

API Holdings-run PharmEasy, which is heading for an initial public offering (IPO), has laid off around 40 full-time employees from its subsidiary Docon Technologies in the past few weeks. Docon Technologies is an EMR or electronic medical record solutions provider.

Most of the laid off employees were from sales background, like business development managers, cluster heads and area managers, sources told Inc42. The employees were based out of various cities like Mumbai, Delhi, Jaipur, Chandigarh, among others. 

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.