Mfine Terminated 600 Employees from Their Workforce. A health-tech startup Mfine from Bengaluru developing an AI-powered telemedicine mobile app terminated around 600 employees from their current workforce e. This becomes 75 percentage of their total workforce. What make the company to take this crucial decision? What’s about the un-employed workers? To get the reasons stay with us.
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The company provides telemedicine services across primary, secondary and chronic care. It claims to have over 6,000 doctors who have served 3 Million customers. A March press release reported that it was clocking 300,000 monthly transactions. This job termination news is informed to respective employee by their team manager through the Google meet.
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One of the employees said that the news was devastating to many people who have small kids or pregnant wives or are early earners. The abrupt nature of this development is emphasised by the fact that it was hiring on LinkedIn until just last month. An employee shared that the startup had run out of funds and that a future deal had fallen off, causing the mass layoffs. Apparently most of the sales team along with the marketing team has been dissolved.
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