Innovaccer lays off 340 employees as it shifts to AI-native
Business
Innovaccer, a health care data analytics company, just laid off 340 people worldwide as it shifts toward being AI-native.
CEO Abhinav Shashank explained that smarter AI systems now handle many workflows, so the company needs fewer staff.
This is their second big round of layoffs.
CEO Abhinav Shashank explained that smarter AI systems now handle many workflows, so the company needs fewer staff.
This is their second big round of layoffs.
Innovaccer valued above $3.4 billion
Despite the cuts, Innovaccer is still going strong, valued at over $3.4 billion, with ₹387.71 crore in revenue and ₹36.1 crore in profit last year.
They've raised $675 million since starting in 2014 and have a solid presence in US health care.
The move to more AI isn't just about cost-cutting.
They've raised $675 million since starting in 2014 and have a solid presence in US health care.
The move to more AI isn't just about cost-cutting.