India, April 27 -- Bengaluru-based healthtech startup Healthify (formerly HealthifyMe) laid off around 150 employees, or about 27% of its workforce, in a restructuring exercise earlier this week, sources told Inc42.

The layoffs mostly impacted employees from sales and product teams, the sources added.

Healthify cofounder and CEO Tushar Vashist confirmed the layoffs with Inc42, saying the restructuring exercise was undertaken as the startup is looking to make its India business EBITDA profitable and expand its offerings in the US market.

"In the next three-four months, our India business will turn EBITDA profitable and this restructuring was an unfortunate but an important step in line with achieving this. We also have to make sure we h...