Full list of Israeli high-tech layoffs in 2024
Full list of Israeli high-tech layoffs in 2024
18.7.24
The software giant is expected to lay off between 5%-10% of its global workforce
17.7.24
Aqua, which raised $60 million at a $1 billion valuation earlier this year, is laying off around 50 employees
The company, which develops technology to prevent online fraud, is cutting around 16 of 165 jobs
15.7.24
The struggling renewable energy company laid off 900 workers in January, approximately 16% of its workforce. The latest cutbacks will see SolarEdge part ways with around 8.5% of its remaining team
10.7.24
The UST subsidiary is parting ways with 20 of 85 employees in Israel as part of the global cutbacks
1.7.24
After raising over $60 million, and a month after unveiling the Spacetop G1, the Israeli startup is parting ways with 20 of around 60 employees, announcing that it is shifting its focus from hardware distribution to software distribution
The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises
29.6.24
Verily was launched in Israel in August 2021, but its approximately 30 remaining employees, based in Tel Aviv and Haifa, are being laid off following Google's decision to concentrate all R&D activity in the U.S.
26.6.24
This is the third round of layoffs for the company in Israel and the fourth worldwide, with one round previously bypassing Israel. In the previous round, an estimated 30 employees were fired
25.6.24
The software company is eliminating 35 jobs to cut costs following Microsoft’s decision to change its advertising rules on Bing
20.6.24
“Israel remains and will continue to serve as Bluevine's R&D center,” the company said in response
19.6.24
“For now, we need to focus on efficiency and account for slower than expected revenue growth,” wrote the founders of the startup, which raised $100 million in a Series C round at a $1.2 billion valuation in May 2022. Around 25 employees are estimated to be affected by the cutbacks
Around 20 employees are being let go by the company, which was acquired for $1 billion four years ago
18.6.24
The fintech unicorn is cutting 30 positions in Israel and is moving them abroad due to the desire to cut costs
5.6.24
The Nasdaq-traded firm is laying off 100 employees in total and is continuing to reduce its presence in Israel
The difficulty in securing significant investment over the past year, coupled with a marked decrease in investor interest in alternative protein and cultivated meat, led to the layoffs
3.6.24
Amnon Shashua’s startup is laying off 100 employees, primarily in marketing and sales, four months after cutting 50 jobs
29.5.24
The Israeli startup’s team has been reduced by around 50% since it started cutting jobs last year
27.5.24
The robotics company has gradually cut its team in Israel over recent years and is now shutting its center down completely
12.5.24
The majority of the employees being laid off in Israel will be from Mazor Robotics, which Medtronic acquired in 2018 for $1.6 billion
9.5.24
Sight Diagnostics, which has raised a total of $124 million to date, is parting ways with around 40 employees
30.4.24
The company, which is reducing its staff by around 50 people, offers a technology-based solution that helps customers control their expenses and save money
11.4.24
After cutting 150 jobs in July 2022, the Israeli company is planning to lay off another 30 employees
1.4.24
The Israeli company, which raised a $47 million Series A three years ago, is cutting around 20 of 45 jobs
20.3.24
After being on the verge of an IPO in 2021, Cybereason has since seen its CEO resign, hundreds of employees get laid off, all while experiencing a 90% drop in value from $3 billion to $300 million
19.3.24
The Israeli company is a subsidiary of KLA Corporation after being acquired for $3.4 billion five years ago
18.3.24
The unit that provides retrofitted advanced driver assistance technology has seen its revenues decline meaningfully over recent years to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability
13.3.24
The company employed dozens of workers in Israel and had raised approximately $95 million to date
12.3.24
The startup is laying off approximately 30 employees, meaning that in a little over a year it has gone from around 130 employees to about 60
7.3.24
One week after the Israeli and American companies announced they would merge, they are initiating significant cutbacks due to an “overlap in roles and functions”
5.3.24
The move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne
4.3.24
This is the second round of layoffs at the startup. The vast majority of the people being let go are based in Israel, with the company summoning about 40 employees from the local branch to a hearing on Monday
14.2.24
The fintech company is parting ways with over 40 employees, with CEO Eido Gal explaining that despite the company’s best efforts to grow its revenue while reducing spending, it requires a faster process to reach its EBITDA targets
13.2.24
The radar developer raised a total of $37 million, but laid off most of its workforce last November before recently notifying the remaining staff that it would be closing down completely
The Tel Aviv District Court appointed the company a trustee to examine proposals for the sale of the company or its assets. The Israeli startup, which raised a $15 million Series A in November 2022, has just seven employees remaining after once employing over 70 people
7.2.24
Fireblocks, which also parted ways with around 30 employees last February, said: “In the last 6 months, Fireblocks has been working to restructure our go-to-market and customer support operations in an effort to provide our customers with a more efficient and streamlined service, and to position the company for expansion into new geographies”
31.1.24
The cybersecurity company, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, will be cutting around 20 jobs in its Israel center as part of the layoffs
The over 20 Brex employees in Israel are expected to be laid off or offered roles abroad after the company announced last week that it was cutting 20% of its global staff
The LiDAR technology developer is laying off around 60 people with the aim of reducing cash outlays by $22-24 million on an annualized basis
21.1.24
The renewable energy company, which has seen its valuation fall by 80%, is expecting its revenues in the fourth quarter of 2023 to be 55% lower than the third quarter, which were themselves 27% less than the second quarter
One year after cutting 100 jobs in the country, the American conglomerate is laying off an additional 2% of its local team
11.1.24
Sisense has seen its team shrink by half since 2022, with 60 jobs now set to be cut after 100 employees were let go last July
The gaming company is reducing its headcount by another 10% after laying off around 900 employees in 2022
The Gibraltar-based company laid off dozens of employees in Israel last January as well
9.1.24
Unity Israel, formerly ironSource, is set to cut dozens of jobs as part of the layoffs. This is the fourth round of layoffs the company has conducted since July 2022
4.1.24
The computer vision company that develops infrastructure for autonomous retail stores and retail analytics is cutting 30 jobs
3.1.24
Orca, which has raised $640 million to date and was last valued at $1.8 billion, is parting ways with around 60 employees
First published: 15:26, 14.02.24
