Healthcare data platform Innovaccer has carried out a fresh round of layoffs impacting 340 employees globally as the company accelerates its transition toward becoming an AI-native organisation.
The development surfaced through an internal email from founder and CEO Abhinav Shashank that began circulating on social media platforms, including Reddit. In the email, Shashank described the layoffs as part of a broader organisational restructuring driven by AI adoption and automation.
The company later confirmed the move, stating that the restructuring is aimed at building a leaner and faster operating structure focused on measurable outcomes.
“As part of a global organisational change, Innovaccer is aligning its team to current business priorities. We are building an organisation that is lean, fast and focused,” the company said in a statement.
This marks the second major workforce reduction by Innovaccer in recent years. In January 2023, the company had laid off nearly 15% of its workforce, affecting around 245 employees.
The layoffs come only months after Innovaccer completed a $75 million ESOP buyback in January 2026, providing liquidity to current and former employees holding vested stock options.
Founded in 2014, Innovaccer operates a healthcare data and analytics platform that helps hospitals, insurers, and healthcare providers unify clinical and operational data. The company has built a strong presence in the US healthcare market and works closely with provider networks and payers.
Financially, Innovaccer remains in a stable position. For the fiscal year ended March 2025, the company reported operating revenue of ₹387.71 crore along with a profit of ₹36.1 crore.
The company has raised around $675 million to date and is valued at over $3.4 billion. Its latest $275 million Series F funding round in January 2025 saw participation from investors including B Capital, Kaiser Permanente, and Generation Investment Management.
Innovaccer’s move reflects a wider trend across startups and enterprises increasingly restructuring operations around AI automation. Earlier this year, Livspace also carried out significant layoffs while transitioning toward AI-native operations.
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