Drug, medical services firm PharmEasy may lay off hundreds of employees

Indian drug and medical services firm PharmEasy may lay off hundreds of employees, according to sources. This move is being seen as part of a drive by the unicorn company towards profitability via cost-savings and consolidation, as funds dry up, they said.

“The company is facing a funding crunch due to which it is laying off staff,” said a person familiar with the matter. “It was trying to raise funding from Goldman Sachs, but that deal didn’t materialise.”

The company has a total workforce of about 1500. 

A query to PharmEasy founders about this development remained unanswered till the time