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Layoffs
20 stories about Layoffs
Full list of Israeli high-tech layoffs in 2022-23
05.12.23
|
CTech
The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
Software development startup Incredibuild laying off 20% of workforce
05.12.23
|
Meir Orbach
The Israeli company, which raised $35 million in Series B funding in June 2022, is cutting around 40 jobs
Toga Networks, Huawei's R&D center in Israel, lays off 20 employees
15.11.23
|
Meir Orbach
The layoffs come in the wake of the company's decision to close its storage division. Toga Networks employs about 500 people in its offices in Hod Hasharon
Meta laying off employees in metaverse-oriented Reality Labs division
04.10.23
|
Reuters and CTech
Reality Labs has significant activity in Israel, which could potentially also be hit by the layoffs
Cyber insurtech unicorn At-Bay lays off almost 10% of workforce
12.09.23
|
Meir Orbach
At-Bay, which raised a $205 million Series D in 2021 at a valuation of $1.35 billion, is parting ways with 27 employees
Forescout closing Israel R&D center
06.09.23
|
CTech
The Israeli-founded cybersecurity company is laying off its remaining 40 employees in the country
Ford shutting down SAIPS project responsible for developing autonomous vehicles
05.09.23
|
Meir Orbach
The entire SAIPS team, numbering dozens of employees, will be laid off
Nexar cuts 14% of team in third round of layoffs
04.09.23
|
Meir Orbach
The AI computer vision company laid off another 17 employees and has reduced its headcount by over 30% in the last 10 months
AI startup Datagen on verge of closure after laying off almost all remaining workforce
22.08.23
|
Sophie Shulman
The emergence of generative AI significantly hurt the Israeli company and led to major layoffs already three months ago, as well as negotiations with Meta for a potential acquisition, which never came to fruition
StreamElements sacking over 35% of workforce in third round of layoffs
17.08.23
|
Sophie Shulman
The Israeli startup is cutting 60 of 160 jobs after previously laying off 20% of the team last June and another 40 employees in January of this year
Dealtale shut down by Vianai one year after being acquired
09.08.23
|
CTech
All 70 employees of the Israeli startup, which was purchased for around $20 million last May, were notified they are being laid off
Amdocs reports revenues that surpassed expectations, but anticipates slowdown
03.08.23
|
Sophie Shulman
The software company which last month laid off 2,000 employees, is anticipating a general slowdown this year due to low purchase rate among customers
Fintech giant Finastra fires dozens in second wave of layoffs
03.08.23
|
Meir Orbach
Finastra employs over 11,000 people worldwide, including 370 at its R&D center in Israel
Vesttoo CEO pushed out of company after fake collateral scandal
03.08.23
|
Almog Azar
The Vesttoo board of directors removed co-founders Yaniv Bertele and Alon Lifshitz and plans to dismantle the company and retrieve the cash in its coffers, which, according to estimates, still amounts to tens of millions of dollars
Unicorn Augury cuts 18% of workforce in second round of layoffs
02.08.23
|
Meir Orbach
The Israeli startup is laying off 70 employees after parting ways with 20 staff members at the start of the year
Vesttoo laying off 75% of employees amid fraud scandal
01.08.23
|
Meir Orbach
The Israeli startup is parting ways with around 150 employees. “The only way to give the company a fighting chance of survival and getting back to a path of sustainable growth is to keep on a small core of people that represent bare operational necessity,” wrote CEO Yaniv Bertele
Unicorn Verbit cutting 60 jobs in second round of layoffs
26.07.23
|
Meir Orbach
Verbit underwent an organizational change last July that saw it reduce the company’s workforce by 10%
Cybersecurity startup Deep Instinct laying off 15% of team
25.07.23
|
Meir Orbach
The company will be parting ways with 46 of around 300 employees, including 19 in Israel
AB InBev laying off over a third of workforce in Israel
24.07.23
|
Meir Orbach
The global beverage conglomerate is set to part ways with around 40 employees in total, saying that it has decided to centralize “B2B technology support structure”
Proptech startup Stoa slashes workforce after raising $300 million, uncertain future ahead
20.07.23
|
Allon Sinai
The company cut its workforce by 80% from around 100 employees to just 20 and said that “there are several deals on the table that the company is considering”
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