Empty high-tech office.

Full list of Israeli high-tech layoffs in 2022

The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce


7 View gallery
הייטק משרד ריק שבוע עבודה מקוצר
הייטק משרד ריק שבוע עבודה מקוצר
Empty high-tech office.
(Photo: Getty)
9.8
The Israeli-founded video creation and distribution company is laying off 80 employees, 30 of them in Israel
This will be the second significant cost cut by the company since it announced its intention to reduce expenses earlier this year, with Wix parting with several dozen employees when it closed its subsidiary Wix Answers in June
31.7
Vee’s platform hosts a wide range of volunteering opportunities, enabling HR teams to find, coordinate, and share charity events
27.7
The Israeli company, formerly known as Kenshoo, is laying off around 30 employees, making up about 4% of its workforce
26.7
The NYSE-traded and Israeli-founded online gig marketplace will be laying off around 8% of its workforce. Fiverr shares have fallen by 66% in 2022 and by almost 90% from their peak at the start of 2021
The internet recommendation platform will be laying off around 3% of its workforce
24.7
Soluto was acquired by the U.S. company in 2013, but will be closing as part of a reorganization being taken on by Asurion
21.7
The video hosting, sharing, and services platform will be parting ways with around 70 employees in total, including about 10 of its 120 employees in Israel
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עובדי vimeo וימאו
עובדי vimeo וימאו
Vimeo employees.
(Photo: Vimeo)
20.7
The Israeli startup, which provides community insights and an analytics platform for state and local governments, will be parting ways with around 30 employees
The Israel-based maker of industrial inkjet printers for the garment industry has seen its stock fall by over 80% since the start of the year
18.7
The Israeli company will be parting ways with 30 employees eight months after raising $205 million at a $1.5 billion valuation
13.7
Fabric reached a $1 billion valuation just this past October when it raised $200 million, but will now be parting ways with a third of its staff
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עובדי נקסט אינשורנס NEXT INSURANCE
עובדי נקסט אינשורנס NEXT INSURANCE
Next Insurance.
(Photo: Amit Shaal)
7.7
The company is laying off 150 employees, mostly in the U.S., explaining that “we must shift focus towards profitability”
6.7
The business monitoring company is parting ways with 35 of its 129 employees
The data analytics startup is laying off 30 of its 170 employees in order to help it reach a balanced bottom line
5.7
The event planning platform will lay off 120 of its 400 employees as it prepares for an extended downturn in business
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מימין בועז כץ ערן בן שושן ו אלון אלרואי מייסדי חברת ביזאבו bizzabo
מימין בועז כץ ערן בן שושן ו אלון אלרואי מייסדי חברת ביזאבו bizzabo
Bizzabo founders. Photo: Courtesy
Most of the total of around 80 layoffs will be of employees in the U.S., with 30 employees from Israel leaving the company
The trading platform is currently in advanced negotiations for a private funding round for between $800 million and $1 billion, at a $5 billion valuation
4.7
Lightricks is the latest in a growing list of unicorns to lay off employees despite having hundreds of millions of dollars in their account, joining the likes of Cybereason, Trax, and Snyk
3.7
The cybersecurity unicorn announced that it would be making organizational changes despite reaching a valuation of $8.5 billion last year and raising a total of $830 million in 2021
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מייסדי Snyk סניק אסף חפץ דני גרנדר ו גיא פודחרני
מייסדי Snyk סניק אסף חפץ דני גרנדר ו גיא פודחרני
Snyk founders.
(Photo: Snyk )
The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis that saw it pause all withdrawals from its platform three weeks ago
29.6
Around 60 of 250 employees are set to leave the American company, which was founded in 2012 and set up its R&D center in Israel six years later
28.6
The American company develops software-defined autonomous manufacturing lines for industry and has an R&D and operations center in Kibbutz Yakum in Israel’s Sharon region
27.6
Around 50 employees were notified on Sunday that they will be laid off after the Chinese e-commerce giant decided to shut down local development
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סטרים אלמנטס StreamElements
סטרים אלמנטס StreamElements
StreamElements team.
(Photo: Kobi Bachar)
26.6
The company, which provides engagement and monetization tools for live and VOD content creators, joins Cybereason and Trax on the list of Israeli SoftBank-backed startups making cuts
22.6
The U.S. company announced just four months ago that it plans on recruiting dozens of additional employees in the country
20.6
“We still have a lot of money in our account from last year’s funding round, but we are required to reach profitability faster than we had planned,” said Trax co-founder and Executive Chairman Joel Bar-El
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משמאל יוני לוקנסברג  אריאל קליקשטיין  מייסדי אלמנטור  ELEMENTOR
משמאל יוני לוקנסברג  אריאל קליקשטיין  מייסדי אלמנטור  ELEMENTOR
Elementor founders.
(Photo: Amit Shaal)
15.6
The total number of staff members that will be leaving the company is estimated to be around 50-60, most of them from the marketing department
1.6
Earlier this year, Cybereason, which is backed by SoftBank's Vision Fund 2 and former U.S. Treasury Secretary Steven Mnuchin's investment firm, confidentially filed for a U.S. initial public offering that could value it at more than $5 billion
31.5
The gaming giant is looking to consolidate some of its activities and therefore decided to close its R&D centers in London and Montreal, and to transfer the activity of its Los Angeles studio to Israel and Poland
First published: 09:47, 07.07.22