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Layoffs

20 stories about Layoffs
סיון אביהוד מנכ"לית Link2USA

Unhappy new year: High-tech HR budgets signal 2023 will open with layoffs

07.12.22|Maayan Manela
"Companies are waiting until after the holidays, but the big blow will be in the first and second quarters of the year," said Sivan Avihud, founder of Link2USA
Sagi Giladi Amit Bareket Perimeter 81

Cybersecurity unicorn Perimeter 81 parts with 8% of team six months after raising $100 million

06.12.22|CTech
The startup, which reached a $1 billion valuation in its Series C in June, is laying off 20 of its 250 employees
כנס לוגיסטיטק רועי אדלר מייסד משותף ומנכ"ל Santa וידאו

Startup Santa to sack most of its employees

05.12.22|Sophie Shulman
“With a heavy heart we decided that we need to take a few steps back, reduce our burn to near-zero, and use the next few months to completely rethink our direction,” wrote CEO Roee Adler
מגזין עצמאות 4.5.22 מימין דידי גורפינקל עודד הר טל ו אייל כהן מייסדי DataRails

DataRails lays off 18% of team

05.12.22|Sophie Shulman
The financial planning and analysis platform is parting with 30 employees
דרור דוידוף מנכל אקווה סקיוריטי

Cybersecurity unicorn Aqua axes 10% of workforce

05.12.22|Sophie Shulman
The Israeli cloud security company will be laying off 65 employees in total
מפעל להבים ב תפן

Pratt & Whitney shutting down Blades Technology Israel factory, putting 900 people out of work

04.12.22|Yuval Azulay
The company’s employees were notified on Sunday that American aerospace manufacturer Pratt & Whitney, which is a subsidiary of Raytheon Technologies, has decided to stop manufacturing compressor blades in Nahariya due to a drop in demand
צוות ביזאבו Bizzabo

Bizzabo laying off another 100 employees, cutting almost 40% of remaining workforce

01.12.22|Meir Orbach
Five months ago the event planning platform parted with 120 employees, meaning it has cut more than half of its team since July
איור הייטק eyeweb

Unicorn employees paying the price for exaggerated expansion

24.11.22|Meir Orbach
Two major Israeli unicorns - Trax and Rapyd - admitted on Tuesday that they are going to lay off dozens, if not hundreds, of employees. While no unicorn currently firing workers is going to shut down, they are now dealing with the consequences of last year’s hiring hysteria
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
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
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