HealthifyMe, renowned for its innovative health technologies, has implemented a restructuring exercise resulting in the layoff of 150 employees. The decision primarily impacted the sales and product teams. Tushar Vashist, HealthifyMe’s CEO and co-founder, acknowledged the layoffs, emphasizing the company’s commitment to achieving profitability in India and expanding its global footprint, particularly in the United States market. Vashist explained that the restructuring was an essential step toward these objectives. Despite the impact on affected employees, HealthifyMe has pledged to provide robust support during this transition, offering comprehensive severance packages, extended insurance coverage, and job placement assistance. Impacted employees received severance pay equivalent to two months’ salary, extended insurance coverage, and in certain cases, accelerated stock vesting and cash encashment for accrued leave.
HealthifyMe, commonly known as Healthify, is an Indian digital health and wellness company established in January 20121. Its founders, Tushar Vashisht, Mathew Cherian, and Sachin Shenoy, envisioned providing accessible health and fitness services through technology. Healthify offers a range of digital tools designed to enhance nutrition and fitness, including HealthifySnap, an AI-powered meal-tracking feature that simplifies meal monitoring. Another key service is AI Coach Ria, a personalized AI health coach that provides tailored guidance and insights. Ria assists users in making healthier choices by suggesting balanced meal plans, creating custom workout routines, and offering notifications to encourage positive habits.
HealthifyMe also enables users to track various health metrics such as weight goals, sleep patterns, water consumption, and more. It provides access to expert nutritionists and certified fitness coaches who create smart meal plans and customized workout plans. Additionally, the platform includes features like a hand washing tracker, meal journal, and step counter to support users in leading a healthier lifestyle.
