Layoffs · Healthcare & Life Sciences

Innovaccer cuts 340 jobs in shift to AI-native operations

What they do

Innovaccer provides a healthcare intelligence cloud that unifies clinical and operational data

The company laid off 340 employees across India and the US, its third round in four years

An ESOP buyback of $75 million is planned for January 2026

Innovaccer impacted 340 employees globally through layoffs.
The cuts affect teams in India and the US.
CEO Abhinav Shashank cited a shift to AI-native operations as the reason.
An internal email confirmed the decision alongside a company statement.
This marks another round of workforce reduction for the company.
A previous layoff occurred in January 2023 affecting roughly 15% of staff.
Articles conflict on whether this is the second or third major round.
The company recently completed a significant employee stock option plan buyback.

B Capital (lead) — Investment firm participating in Series F funding.
Generation Investment Management (co-lead) — Investment firm involved in Series F funding.
Kaiser Permanente (participated) — Healthcare provider and customer investing in Series F.
Banner Health (participated) — Healthcare system investing in Series F.
Danaher Ventures LLC (participated) — Venture arm of Danaher Corporation.
M12 (participated) — Microsoft's corporate venture capital arm.

Product: healthcare data and analytics platform that helps hospitals, health systems and insurers unify clinical, financial and operational data
Customers: Hospitals, health systems, and health insurers that buy software to unify data and automate care workflows
How it makes money: Subscription software and platform services for healthcare organizations
What sets it apart: Best-in-KLAS recognition across multiple categories and a broad healthcare data platform