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Practo sacks 150 employees as part of annual performance cycle

Practo sacks 150 employees as part of annual performance cycle

Friday, April 7, 2017, 8:01 AM

Healthcare platform Practo Technologies has laid off close to 150 people as a part of the annual performance cycle and redundancies from acquisitions. The company has about 1,500 employees. Practo had raised $55 million in a Series D funding led by Chinese internet conglomerate Tencent, in January. Every year, we follow an annual performance cycle in April , said a company spokesperson.
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