Exploring Kenko Health's Recent Workforce Changes
Kenko Health is a Mumbai-based healthcare firm that has been working towards revolutionizing the healthcare industry by providing innovative, technological solutions to healthcare problems. Kenko Health has made significant strides in the healthcare sector in India and has been growing rapidly over the past few years.
History
The healthcare company was founded in the year 2018 and its primary focus has been on providing cutting-edge technologies that will enable doctors to diagnose and treat patients more efficiently. Some of the technologies that Kenko Health has pioneered include artificial intelligence tools that help physicians to collate and analyze patient data accurately.
Funding and Investors
Kenko Health has raised around $14 million in funding from various investors, including Accel Partners, Matrix Partners India, and Omidyar Network India.
Performance
The company has been performing exceptionally well and has been expanding its team across the country. Kenko Health has also been making significant inroads into foreign markets. The company’s commitment to innovation and excellence has been a driving force in its growth.
Number of Employees Laid Off
Around 50 employees have been let go by the company, which constitutes around 20% of its workforce. The layoffs have primarily impacted the support and administrative staff at the company.
The decision has come as a surprise to many since the company had been performing well and had been expanding their team across the country.
Reasons for Layoffs
The reason for the layoffs at Kenko Health has been attributed to the ongoing economic slowdown and the pandemic. The company’s decision to let go of some of its workforce has been a challenging one, but it has been necessitated by the current situation.
Stakeholder Statements
The CEO of Kenko Health, Mr. Pradeep Makambi has released a statement on the layoffs, stating that the decision was a difficult one to make. He went on to say,
“The decision to layoff employees has been one of the toughest we have made as a company. However, it has been necessitated by the current economic realities and the pandemic. We value our employees and are committed to supporting them in every way possible during this challenging period.”
In conclusion, the layoffs at Kenko Health have been a result of the ongoing economic slowdown and the pandemic. It is a challenging time for the company and its employees, but the commitment to innovation and excellence remains unwavering. Kenko Health has been a trailblazer in the healthcare industry and will continue to make strides towards improving the healthcare sector in India and beyond.
