ISN Exclusive: Peak XV-backed Pristyn Care sacks 50 employees in cost cutting move

Layoffs are very much in the news. Earlier, IndianStartupNews (ISN) had reported Freakins, the D2C jeans company, had fired 10% of its workforce. 

Now, ISN is picking up from sources that Pristyn Care – the healthtech startup – is laying off 50 employees as it looks to cut costs and improve unit economics (UE). 

“Some of these are also performance-linked decisions which have resulted in people being let go,” a source told ISN. 

The company has not raised a significant round since 2021 which could have also led to this decision as it will look to conserve cash and grow in a profitable, steady way. 

Pristyn Care chose not to reply to ISN’s queries. 

The Delhi NCR-based company has over 1,500 employees, ISN has learnt and several of them have been impacted by this decision.

This is not the first time there have been layoffs at Pristyn Care. In March 2024, the healthtech unicorn had fired 120 employees to achieve profitability. 

The layoffs had affected mainly entry-level and support function roles, signalling the company's shift towards optimizing operations for long-term sustainability.

In response to the layoffs, Pristyn Care had then said it would be providing comprehensive support to the affected employees, including full notice periods and severance packages, accelerated vesting of Employee Stock Ownership Plans (ESOPs), and extended medical insurance coverage for the employees and their families for an additional six months.

The company, as ISN understands, is instead focussing on profitable markets and growing the presence of its hospitals in select areas.