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Apple names Israeli Johny Srouji Chief Hardware Officer amid CEO succession
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Israel expands drone fleet with new heron squadron
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Layoffs
20 stories about Layoffs
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
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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
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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
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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”
IBM laying off dozens of storage software developers in Israel
17.07.23
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Meir Orbach
IBM operates a substantial development center in Israel focused on storage technology, employing hundreds of workers. The center was established after IBM acquired the Israeli startup XIV in 2008
Declining results, a crashing stock, and a CEO under duress - what is going on at AudioCodes?
13.07.23
|
Almog Azar
The Covid-19 pandemic propelled AudioCodes, which specializes in communication solutions for digital work environments, to a record valuation of over $1.3 billion in 2020. The founder had plans for an exit, but that led to a conflict with an old friend, and as the epidemic waned, demand weakened, and the company's stock plummeted
Software unicorn Sisense sacks 100 employees, 15% of workforce
11.07.23
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Sophie Shulman
The current layoffs are another shock in a long series of negative developments at Sisense, beginning with the departure of senior executives last year and followed by relatively small-scale layoffs and a halt in recruitment
Over half of high-tech service companies downsized this year
10.07.23
|
Meir Orbach
A new report shows that in the first half of 2023, 52% of the surveyed high-tech companies in Israel stated that they downsized their workforce, compared to 22% in the first half of 2022
Amdocs laying off around 2,000 employees, 6.5% of workforce, in another round of cutbacks
06.07.23
|
Sophie Shulman
The software company parted ways with around 700 employees earlier this year and is reducing its staff yet again despite positive financial results over recent quarters
Telehealth startup TytoCare lays off 10% of workforce
06.07.23
|
Meir Orbach
The Israeli company, which develops a digital device for remote medical testing and diagnosis and has raised $155 million to date, is laying off 20 employees
Healthtech startup DayTwo facing uncertain future after dramatic restructuring
06.07.23
|
Sophie Shulman
The Israeli startup, which raised $85 million mainly from co-founder Marius Nacht, has reduced its staff by over 75% over the past year and is hoping to sell its technology to another company
SaaS management platform Torii laying off 30% of team
29.06.23
|
Meir Orbach
The Israeli startup, which raised a $50 million Series B led by Tiger Global last February, is parting ways with 28 employees
Waze hit with layoffs six months after being merged into Google Geo
28.06.23
|
CTech and Reuters
Alphabet-owned Google said it is cutting jobs at the mapping app as it merges the app's advertising system with Google Ads technology
Payoneer to part with 200 employees, 10% of workforce
26.06.23
|
Sophie Shulman
The fintech company, which is traded on Nasdaq with a market cap of around $1.7 billion, is mainly laying off employees from the marketing and service departments
Joonko on verge of shock closure; Board claims CEO "engaged in fraudulent conduct"
25.06.23
|
Meir Orbach
According to a statement from the Joonko board, CEO Ilit Raz “was found to have engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and its shareholders.” Joonko raised a $25 million Series B last September led by Insight Partners, with support from Target Global
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