Innovaccer lays off about 340 workers

Innovaccer has cut about 340 employees across India and the United States as the health-tech company reorganizes around what Chief Executive Abhinav Shashank called an “AI-native” structure. Reports published on May 15 and May 17 said the cuts span both countries and affect multiple teams. A company statement cited by Entrackr said 340 employees were affected globally. An internal email from Shashank, described by Moneycontrol and Hindustan Times, said the company was building a “lean, fast and focused” organization. ### How many jobs were cut, and where? The number cited across reports was about 340 employees, with staff in India and the United States affected. Inc42 reported on May 15 that the layoffs hit teams in both countries, and Moneycontrol and Hindustan Times separately reported the same scale of cuts on May 17. Entrackr published a company statement saying, “The number of employees impacted globally is 340,” and said the move was tied to current business priorities. (moneycontrol.com) That statement is the clearest on-the-record figure available in public reporting. ### What did Abhinav Shashank tell employees? Moneycontrol reported that Shashank confirmed the decision in an internal email. Hindustan Times said the message described the day as a difficult one, while reports on the email said the company linked the cuts to its transition into an AI-native organization. (inc42.com) The company statement cited by Entrackr said Innovaccer was building an organization that is “lean, fast and focused” and prioritizes speed and measurable outcomes for customers. (entrackr.com) Reports based on the internal message said the company now wants more roles centered on redesigning workflows and overseeing automated systems. ### What does “AI-native” mean in Innovaccer’s own business? (moneycontrol.com) Innovaccer’s website now describes the company as “The Agentic Cloud for Healthcare” and says its platform helps customers deploy AI agents across clinical, operational and financial workflows. The company has spent the past year publicly expanding that pitch through product launches, partnerships and acquisitions. On February 17, 2025, Innovaccer launched its “Agents of Care” suite, which it said was designed to automate repetitive, low-value tasks and handle rising workloads. (entrackr.com) On January 27, 2026, the company announced a partnership with Snowflake to accelerate enterprise AI adoption across healthcare. ### Has Innovaccer cut staff before? Inc42 said this is the third layoff round at Innovaccer in four years. (innovaccer.com) Entrackr said the company previously laid off around 15% of its workforce in January 2023, affecting nearly 245 employees. The latest cuts come after a period of expansion in other parts of the business. Entrackr reported that Innovaccer completed a $75 million ESOP buyback in January 2026, and Business Wire reported that the company raised a $275 million Series F round in January 2025. (innovaccer.com) ### How large is Innovaccer now? Business Wire said Innovaccer announced its $275 million Series F on January 9, 2025. (inc42.com) TechCrunch reported at the time that the round included investors such as B Capital Group, Banner Health, Danaher Ventures, Generation Investment Management, Kaiser Permanente and M12. Recent reports have described Innovaccer’s valuation at more than $3.4 billion. (entrackr.com) The company’s public materials also show continued commercial activity in 2026, including partnerships, customer programs and product rollouts tied to AI in healthcare operations. ### What happens next for affected workers and the company? Moneycontrol and other reports said Innovaccer told employees that affected staff would receive severance and transition support. (businesswire.com) Public reports did not specify a full timeline for departures or identify every team affected. Innovaccer’s next visible milestones remain on the operating side. (entrackr.com) The company’s site continues to market its Gravity platform, AI agents and healthcare workflow tools, and recent announcements show ongoing customer and partner rollouts in 2026. (innovaccer.com) (moneycontrol.com)