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Layoffs

20 stories about Layoffs
מנכ"ל סולאראדג' צבי לנדאו

Will another round of layoffs halt SolarEdge's downward spiral?

14.07.24|Adiel Eithan Mustaki and Amir Perger
The renewable energy company, which laid off about 900 workers in January, is expected to announce the layoffs of hundreds more employees in the coming week. SolarEdge, which traded at a record value of about $20 billion two years ago and was the first Israeli company in the S&P 500, has since lost almost 90% of its value. 
מפעל סולאראדג' באזור התעשייה ציפורית

SolarEdge set to cut hundreds of jobs in second round of layoffs in six months

12.07.24|Adiel Eithan Mustaki
After seeing its market cap fall by 89% over the past year, the renewable energy company is embarking on another round of cutbacks 
CYBERPROOF

CyberProof laying off over 7% of workforce

10.07.24|Meir Orbach
The UST subsidiary is parting ways with 20 of 85 employees in Israel as part of the global cutbacks 
מחשב spacetop

AI adoption is happening and tech employees are paying the price

05.07.24|Sophie Shulman
Recent layoffs at Sightful and Lightricks are part of a larger industry shift towards AI. Tech companies need to prepare for the inevitable changes AI will bring. 
משרדי לייטריקס

Unicorn Lightricks cutting 12% of workforce in second round of layoffs

01.07.24|Omer Kabir
The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises 
הלפטופ של סייטפול

AR laptop developer Sightful laying off a third of its employees

01.07.24|Sophie Shulman
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
משרדי גוגל תל אביב

Google shutting down biotech company’s R&D centers in Israel

29.06.24|CTech
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 Alphabet's decision to concentrate all R&D activity in the U.S.
מטה אי ביי ישראל ב רחוב הגביש נתניה 1

eBay to lay off dozens of employees in Israel amid global restructuring

26.06.24|Meir Orbach
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
טל יעקובסון מנכ״ל פריון

Perion embarks on layoffs after revenue takes hit

25.06.24|Sophie Shulman
The software company is eliminating 35 jobs to cut costs following Microsoft’s decision to change its advertising rules on Bing 
אייל ליפשיץ מנכ"ל בלו ויין bluevine

Fintech company Bluevine laying off 12% of Israeli workforce

20.06.24|CTech
“Israel remains and will continue to serve as Bluevine's R&D center,” the company said in response
אפליקציה מוביט ברצלונה Moovit

Mobileye’s Moovit cutting 10% of staff

19.06.24|CTech
Around 20 employees are being let go by the company, which was acquired for $1 billion four years ago
דורון סומך ו איתי דמתי מייסדי Unit

Fintech unicorn Unit lays off 15% of workforce

19.06.24|Viki Auslender
“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
צ'אג chegg משרדים חילופי עובדים

Chegg shutting down Israel operations, laying off entire workforce

18.06.24|Meir Orbach
As part of a 23% cut in its global team, Chegg is closing its Israel office, resulting in the layoff of dozens of employees 
מייסדי ראפיד

Rapyd lays off dozens of employees, transferring positions from Israel to Eastern Europe, South America

18.06.24|Meir Orbach
The fintech unicorn is cutting 30 positions in Israel and is moving them abroad due to the desire to cut costs
סטייק מתורבת של חברת אלף פארמס

Cultivated meat startup Aleph Farms lays off 30% of staff

05.06.24|Shani Ashkenazi
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
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר - חדש

Fintech company Pagaya cutting around 20% of workforce in second round of layoffs

05.06.24|Sophie Shulman
The Nasdaq-traded firm is laying off 100 employees in total and is continuing to reduce its presence in Israel
אמנון שעשוע מ מייסדי מובילאיי ו

OrCam cuts almost half of workforce in second round of layoffs in four months

03.06.24|Sophie Shulman
Amnon Shashua’s startup is laying off 100 employees, primarily in marketing and sales, four months after cutting 50 jobs  
מוסף חג העצמאות 25.4.23 מימין דני פרידלנד ו יואב וילנר מייסדי Walnut

Walnut cuts 20% of workforce in another round of layoffs

29.05.24|Meir Orbach
The Israeli startup’s team has been reduced by around 50% since it started cutting jobs last year
ליאור סוסן ברייט משינס

Bright Machines closing Israel R&D center

27.05.24|Meir Orbach
The robotics company has gradually cut its team in Israel over recent years and is now shutting its center down completely
מטה חברת מדטרוניק בעיר ברמפטון קנדה

Medical device giant Medtronic laying off 3% of Israeli workforce as part of global cutbacks

12.05.24|Meir Orbach
The majority of the employees being laid off in Israel will be from Mazor Robotics, which Medtronic acquired in 2018 for $1.6 billion
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