Punishing market conditions have forced a wave of Australian start-ups to lay off staff, with a raft of high-profile companies making employees redundant to save cash nickbonyhady MsEmmaK angus_dalton
, confirmed on Tuesday that it had been forced to make redundancies across its team, axing 18 roles.
HealthMatch has received backing from high-profile investors including Malcolm and Lucy Turnbull and prominent venture capital firm Square Peg, and raised $18 million for its online clinical trials platform back in 2020. The company recently launched in the US, and will continue to operate overseas while it “works through its capital needs” with investors, Gunawardena said.
“It’s interesting that in our times of start-up tension that even small changes to teams are meme-page-worthy occurrences,” Doyle said. “In the normal operation of a business, people don’t pass probation all the time.