Layoffs

20 stories about Layoffs
מייסדי Rapyd

Fintech unicorn Rapyd set to lay off dozens of employees

22.11.22|Meir Orbach
Israel’s highest-valued startup, which reached a $15 billion valuation earlier this year, could lay off more than 10% of its 900 employees
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022

22.11.22|CTech
The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
מימין יואל בר אל דרור פלדהיים חברת  Trax טראקס טרקס

Unicorn Trax embarks on another round of layoffs, parting with 8% of workforce

22.11.22|Meir Orbach
The Israeli company will be laying off another 70-80 employees after parting with over 100 workers in June
אלכס קאייל מנהל קרן סיילספורס

Salesforce Ventures: "Firing people is very emotionally difficult, but a good CEO needs to do what's right for the next 10 years"

20.11.22|Sophie Shulman
"We are in the midst of a once-in-a-generation change and I cannot be more optimistic about Israel in this context," added SVP and Managing Partner Alex Kayyal, with Salesforce Ventures investing $500 million in 32 Israeli companies to date
גיל מנדלזיס מייסד מנכ"ל קפיטוליס

Fintech unicorn Capitolis cuts almost 25% of workforce

17.11.22|Meir Orbach
The company, which raised $110 million at a $1.4 billion valuation this past March, is laying off 37 employees in total
משרדי פיליפס ורשה פולין

Philips Israel laying off dozens of employees as part of global cutbacks

16.11.22|Meir Orbach
The Dutch technology giant announced last month that it would be cutting 4,000 jobs worldwide
מנכ"לים מסותפים יוטפו מימין תומר תגרין עומרי כהן

Unicorn Yotpo lays off 70 employees, 9% of team

16.11.22|Meir Orbach
The marketing service is cutting its workforce after significantly increasing hiring following a $230 million funding round at a $1.4 billion valuation in March 2021
מגזין עצמאות 4.5.22 בכירי ריסקיפייד פותחים את המסחר בניו יורק

The secret behind the surprise success of Monday, Fiverr and Riskified

16.11.22|Sophie Shulman
Israeli-founded SaaS companies published extremely positive results for the third quarter of the year, but they should not necessarily be seen as a signal for continued improvement in 2023
הנפקת סימילרווב בשבוע שעבר

Similarweb sacks 130 employees, 10% of workforce

16.11.22|Sophie Shulman
“We have made the very difficult decision to reduce our headcount in preparation for prolonged changes in demand,” said CEO Or Offer, who believes the company can become profitable in 2023

Messaging app Rakuten Viber lays off 45 employees, 8% of team

15.11.22|Meir Orbach
This is the first time the company is implementing significant cutbacks since it was founded 12 years ago
סם גוטמן מנכ"ל OwnBackup

Unicorn OwnBackup ousts 17% of workforce

15.11.22|Meir Orbach
The cloud backup company, valued at $3.35 billion last year, is laying off over 170 employees in Israel and the U.S.
טל לב עמי איתי לחן נדב סופרמן Cloudinary

Unicorn Cloudinary cuts 8% of workforce

14.11.22|Meir Orbach
The company, which has developed a platform to manage media assets, has been bootstrapped since it was founded and announced a secondary investment of $110 million at a company valuation of $2 billion earlier this year
מוסף שבועי 10.11.22 תמונת שער יוניקורן

High-tech industry coming to terms with sobering reality

14.11.22|Roni Dori
With employees being fired, recruitment coming to a grinding halt, and traveling and parties being canceled, there seems to be little doubt that the age of abundance and excess in high-tech is over
עמי אברהמי עמית הלר Veev

Proptech startup Veev cuts 30% of jobs eight months after raising $400 million

11.11.22|Meir Orbach
The technology-enabled homebuilding company is laying off around 100 employees despite taking its total funding to $600 million earlier this year
מנכ"ל מטא מארק צוקרברג

Meta layoffs have global effect, including in Israel

09.11.22|Meir Orbach and Reuters
Mark Zuckerberg announced on Wednesday that the company will cut 11,000 jobs, and Meta Israel will also be affected
חמי כץ מנכ"ל נמוגו namogoo

Namogoo lays off 15% of workforce

09.11.22|Meir Orbach
The Israeli startup, which raised $15 million six months ago to take its total funding to $81 million, is parting ways with 25 employees
Toyga office

Toyga places all 110 of its Israeli employees on unpaid leave

08.11.22|Meir Orbach
The financial services company said it was taking the latest cutback measure due to an upcoming merger. Toyga laid off 50 employees six months ago
חלל עבודה של WeWork בתל אביב ישראל

Survey: One in three Israeli startups has laid off employees in 2022

06.11.22|Maayan Manela
New data shows half of the startups have frozen hirings, while workers seek stable companies, but won’t lower salary expectations. How can the storm be weathered?