October 1, 2023

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Sami Health Startup Laying Off 15% Of Its Staff After Hiring Boom – Link

Starting a Digital Health Plan Sami Tuesday 14, announced the resignation 75 employeesequivalent to 15% of the total staff, healthtech confirmed when Estadao / broadcast. Sources interviewed for the report attribute the layoffs to the team’s “uncontrolled growth,” noting that between January and May, about 300 new employees were hired.

“It was a painful decision, but a necessary one at this time to ensure the sustainability of the business. Part of our maturity as a company is the strategic analysis of points to improve in terms of efficiency, and a recalculation of course,” said Vitor Asseituno, CEO of Sami. The potential of each employee we greatly value and appreciate for all the work done so far.”

The company has not confirmed the information on the number of appointments in 2022, but last week, Sami told stadium which expanded its headcount “sustainably” from 15 to 566 in two years. The startup celebrated a 30-fold employee expansion in that period.

“The layoffs did not surprise me, because an average of 30-40 people were employed per month. “This is not possible,” said a former employee on condition of anonymity, noting that the company is currently operating with a monthly payroll of R$10 million, As it seeks to balance the accounts to promote a Series B investment round.

According to data from the National Agency for Complementary Health (ANS), the company closed March 2022 (last data available) with 7,843 beneficiaries. At the end of 2020, the year it started operations, it had 122 clients.

Guilherme Bernardo (left) and Vitor Asseituno (right) driving Sami

Reflection, repercussions

The layoffs reverberate on social media. Highlight what was published by the relationship specialist (customer experience) Eric Mitchell, who had about 6 thousand reactions at the end of the report. The detached professional also denies being surprised. “We have seen a wave of mass layoffs among startups recently and I felt it could affect Sami,” he said in an interview.

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Mitchell’s post includes a talent pool spreadsheet that contains information on laid-off employees from various areas such as sales, recruitment, and finance. This practice was common on social media in response to the wave of layoffs. With less money in the market amid rising interest rates, startups have been tightening their belts to cut costs.

Last Friday, Sennar from Bahia, also in the health field Laying off 13% of its employees. With a valuation of more than one billion US dollars, the “Unicorn” company Fifth FloorAnd the the atticAnd the EasilyAnd the oliveAnd the Vtex And the Bitcoin market Make cuts in recent months. Last week, Mexican kafakthe most valuable startup in Latin America, has eliminated 150 workers from its operations in Sao Paulo and Rio de Janeiro.

However, unlike reports of employees recently terminated by other startups, former Sami employees praised the company’s stance, with benefits such as food stamps and medical coverage extended. “Despite the way it turned out, the company has always been very fair and right to me,” said a former health tech employee.