According to Inc 42, the World’s Largest AI Health & Fitness App, Healthify is slashing its workforce by 27% or nearly 150 employees.
However, Healthify is committed to ensuring that those impacted by the restructuring are provided with the necessary resources and assistance to navigate this period of change with confidence and stability.
During this transition, affected employees will receive robust support, including comprehensive severance packages, extended insurance coverage, and job placement assistance.
The company will be providing the following benefits:-
- The impacted employees are being offered severance pay equivalent to two months’ salary.
- An extended insurance coverage, and, in certain cases, an accelerated stock vesting period.
- Additionally, they have the option for cash encashment of their leave.
These measures aim to provide financial support and stability to employees affected by the changes.
In 2024, the companies may resort to layoffs for various reasons including Financial Challenges, Restructuring, Technological Changes, Technological Changes, and Performance Issues.
However, in 2024, Whirlpool is planning to cut 1000 jobs worldwide in a restructuring move. Nike has announced another round of layoffs to sack nearly 740 employees.
Toshiba Corp. is allegedly considering to Layoff its Japanese workforce by 5,000 employees.
The layoff will impact nearly 7 per cent of its total workforce in Japan. This strategic shift signifies a departure from Japan’s traditional reluctance towards layoffs, indicating an evolving mindset amidst enduring labor scarcities within the nation.
As per True Up, So far in 2024, there have been 500 layoffs at tech companies with 106,079 people impacted (884 people per day). In 2023, there were 2,001 layoffs at tech companies and 428,836 people impacted (1,175 people per day).
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