Ilara Health downsizes operations due to lack of funding
- Ilara Health has implemented a company-wide restructuring resulting in layoffs.
- The restructuring is attributed to current market conditions and financing dynamics.
- Affected staff are undergoing a 30-day consultation process as per Kenya's Employment Act.
The restructuring at Ilara Health underscores the precarious state of funding for healthtech startups in Africa. While the company is taking necessary steps to ensure sustainability, the layoffs reflect a troubling trend that could impact innovation and healthcare access in the region. Further discussion is needed on how startups can navigate these challenges while maintaining their workforce and service commitments.
