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Layoffs

20 stories about Layoffs

ראיון עבודה חיפוש עבודה

From high-tech to sales floor: Tech veterans find new paths amid job market turmoil

15.04.24|Maayan Manela

Amid the economic downturn brought on by global layoffs, inflation, last year’s judicial overhaul, and Israel’s ongoing war with Hamas, many high-tech workers have been unable to find work in their field and have been forced to take menial positions

משרד ריק הייטק עובדים נעלמים גוסטינג

Full list of Israeli high-tech layoffs in 2024

Fabric's robotic logistics center

Retail tech startup Fabric firing 15% of workforce in second round of layoffs

11.04.24|Meir Orbach

After cutting 150 jobs in July 2022, the Israeli company is planning to lay off another 30 employees

מייסדי איידנטיק מימין אורי ארד איתי לוי עידו שילון

Cyber startup Identiq to lay off almost half of its workforce

01.04.24|Meir Orbach

The Israeli company, which raised a $47 million Series A three years ago, is cutting around 20 of 45 jobs

Cybereason crisis continues with dozens of jobs to be cut in third round of layoffs

20.03.24|Meir Orbach

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

מפעל אורבוטק ביבנה

Orbotech laying off over 100 employees after closing flat panel display division

19.03.24|Sophie Shulman

The Israeli company is a subsidiary of KLA Corporation after being acquired for $3.4 billion five years ago

מימין מנכ"ל אינטל העולמית פט גלסינגר ונשיא ומנכ"ל מובילאיי אמנון שעשוע

Mobileye still searching for light at the end of the tunnel despite layoffs

19.03.24|Sophie Shulman

The autonomous vehicle company laid off 130 people after closing its aftermarket division

מובילאיי אינטל Mobileye

Mobileye closing aftermarket division, laying off 130 employees

18.03.24|Meir Orbach

The unit that provides retrofitted advanced driver assistance technology has seen its revenues decline meaningfully to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability

נהיגה מרחוק בכלי רכב לוגיסטי שנע בתוך מחסן

Remote driving startup Phantom Auto announces closure, lays off over 100 employees

13.03.24|Meir Orbach

The company employed dozens of workers in Israel and had raised approximately $95 million to date

ד"ר נועם ברזיס וד"ר זוהר ברונפמן מייסדי Pecan

Pecan AI parts ways with a third of its workforce in second round of layoffs

12.03.24|Meir Orbach

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

חלל עבודה מתחם BE ALL

Dozens laid off after Totango and Catalyst merge

07.03.24|Meir Orbach

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”

יאיר-אמסטרדם-מנכל ורביט

Verbit cutting dozens of jobs in third round of layoffs

05.03.24|Meir Orbach

The move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne

מנכ"ל מליו מתן בר וסמנכ"ל הטכנולוגיות אילן אטיאס

Fintech unicorn Melio laying off 7% of workforce

04.03.24|Meir Orbach

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

מימין שי באב"ד מנכ"ל שטראוס אלעד קומיסר סמנכ"ל פיתוח עסקים בקבוצת שטראוס ו יהונתן ברגר מנכ"ל חממת הקיטשן בחממת הפודטק של שטראוס

Foodtech incubator The Kitchen faces uncertain future after Strauss cuts investments

26.02.24|Nurit Kadosh

Three of the incubator’s seven employees have been laid off, while the CEO and CBO have seen their roles reduced, after Strauss decided to halt its investments

פרויקט הסטארטאפים 2019 riskified עידו גל

Riskified laying off 6% of team as growth stutters

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

עובדי חברת Everybuddy Games הישראלית

Casual game developer Everybuddy enters bankruptcy after accumulating over $4 million in debt

13.02.24|Lital Dobrovitsky

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

הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022-23

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

רכב אוטונומי מכונית ללא נהג

Autotech startup Wisense shutting down

13.02.24|Meir Orbach

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

משרד ריק הייטק עובדים נעלמים גוסטינג

Profits are at record highs, so why are tech companies laying off so many workers?

12.02.24|Omer Kabir

The technology giant Cisco is set to announce a restructuring move that will include layoffs of thousands of employees. And it is not the only one. Since the beginning of the year, 141 technology companies have laid off 34,300 employees, despite most of them displaying excellent financial results. So why are workers still being fired, even when all the data indicates that it's time to go back to hiring?

מייסדי פיירבלוקס Fireblocks מימין עידן עפרת מיכאל שאולוב פבל ברנגולץ

Blockchain unicorn Fireblocks parting with 3% of team in second round of layoffs

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.”