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Layoffs

20 stories about Layoffs
מימין שי באב"ד מנכ"ל שטראוס אלעד קומיסר סמנכ"ל פיתוח עסקים בקבוצת שטראוס ו יהונתן ברגר מנכ"ל חממת הקיטשן בחממת הפודטק של שטראוס

Foodtech incubator The Kitchen faces uncertain future after Strauss cuts investments

26.02.24|Nurit Kadosh
Three of the incubator’s seven employees have been laid off, while the CEO and CBO have seen their roles reduced, after Strauss decided to halt its investments
פרויקט הסטארטאפים 2019 riskified עידו גל

Riskified laying off 6% of team as growth stutters

14.02.24|CTech
The fintech company is parting ways with over 40 employees, with CEO Eido Gal explaining that despite the company’s best efforts to grow its revenue while reducing spending, it requires a faster process to reach its EBITDA targets
עובדי חברת Everybuddy Games הישראלית

Casual game developer Everybuddy enters bankruptcy after accumulating over $4 million in debt

13.02.24|Lital Dobrovitsky
The Tel Aviv District Court appointed the company a trustee to examine proposals for the sale of the company or its assets. The Israeli startup, which raised a $15 million Series A in November 2022, has just seven employees remaining after once employing over 70 people
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022-23

13.02.24|CTech
The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
רכב אוטונומי מכונית ללא נהג

Autotech startup Wisense shutting down

13.02.24|Meir Orbach
The radar developer raised a total of $37 million, but laid off most of its workforce last November before recently notifying the remaining staff that it would be closing down completely
משרד ריק הייטק עובדים נעלמים גוסטינג

Profits are at record highs, so why are tech companies laying off so many workers?

12.02.24|Omer Kabir
The technology giant Cisco is set to announce a restructuring move that will include layoffs of thousands of employees. And it is not the only one. Since the beginning of the year, 141 technology companies have laid off 34,300 employees, despite most of them displaying excellent financial results. So why are workers still being fired, even when all the data indicates that it's time to go back to hiring?
מייסדי פיירבלוקס Fireblocks מימין עידן עפרת מיכאל שאולוב פבל ברנגולץ

Blockchain unicorn Fireblocks parting with 3% of team in second round of layoffs

07.02.24|CTech
Fireblocks, which also parted ways with around 30 employees last February, said: “In the last 6 months, Fireblocks has been working to restructure our go-to-market and customer support operations in an effort to provide our customers with a more efficient and streamlined service, and to position the company for expansion into new geographies.”
Innoviz team

Innoviz cutting 13% of workforce to extend cash runway

31.01.24|Meir Orbach
The LiDAR technology developer is laying off around 60 people with the aim of reducing cash outlays by $22-24 million on an annualized basis
מנכ"ל ברקס הנריקה דבוגרס מנהל ברקס ישראל נדב לידור

Fintech unicorn Brex set to close Israel R&D center as part of global layoffs

31.01.24|CTech
The over 20 Brex employees in Israel are expected to be laid off or offered roles abroad after the company announced last week that it was cutting 20% of its global staff
ספקית אבטחת הסייבר פרופפוינט Proofpoint

Cyber vendor Proofpoint laying off 280 employees, 6% of total workforce

31.01.24|Meir Orbach
The cybersecurity company, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, will be cutting around 20 jobs in its Israel center as part of the layoffs
אבי חסון מנכל SNC סטארט אפ ניישן סנטרל

Startup Nation Central laying off around 18% of workforce as donations dry up

29.01.24|Meir Orbach
“The unprecedented events we are experiencing since October 7th have changed the priorities of Jewish philanthropy. As an organization funded solely by donations, we had to make adjustments to our activities, in view of the foreseen challenges in raising donations in 2024,” said SNC
גוגל ו יוניטי סופטוור

Tech titans start 2024 with mass layoffs, but is the worst yet to come?

25.01.24|Meir Orbach
Layoffs signal broader industry challenges, prompting fears of further job losses
מימין מייסדי Vroom אלון בלוך ו אלי וורטמן

Vroom laying off 90% of workforce, shutting down used-vehicle platform

23.01.24|Tomer Hadar
The company, which peaked at a valuation of over $8 billion in August 2020 but has seen its market cap fall to $75 million, said that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business, resulting in the layoff of 800 employees
מנכ"ל סולאראדג' צבי לנדאו

Shadow of uncertainty still lingering over SolarEdge despite huge cutbacks

22.01.24| Adiel Eithan Mustaki and Almog Azar
Sources close to the company reveal that SolarEdge had formulated a work plan based on quarterly revenues ranging between $600-700 million. More layoffs could be coming should the company continue to fall short of its target
בניין HP אינדיגו בפארק המדע קריית ויצמן

HP Indigo firing 50 employees in Israel in another round of layoffs

21.01.24|Meir Orbach
One year after cutting 100 jobs in the country, the American conglomerate is laying off an additional 2% of its local team
מנכ"ל סולאראדג' צבי לנדאו

SolarEdge to embark on massive layoffs, cutting 900 jobs amid sharp drop in revenue

21.01.24|Almog Azar
The renewable energy company, which has seen its valuation fall by 80%, is expecting its revenues in the fourth quarter of 2023 to be 55% lower than the third quarter, which were themselves 27% less than the second quarter
חברת הימורים 888

Gambling group 888 cuts dozens of jobs in Israel as part of global layoffs

11.01.24|Meir Orbach
The Gibraltar-based company laid off dozens of employees in Israel last January as well
פלייטיקה חברת משחקים הרצליה פיתוח

Playtika cutting 300-400 jobs in new round of layoffs

11.01.24|Allon Sinai
The gaming company is reducing its headcount by another 10% after laying off around 900 employees in 2022
עובדי SISENSE סייסנס

Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months

11.01.24|Meir Orbach
Sisense has seen its team shrink by half since 2022, with 60 jobs now set to be cut after 100 employees were let go last July
Unity

Unity laying off another 25% of workforce

09.01.24|Meir Orbach and Reuters
Unity Israel, formerly ironSource, is set to cut dozens of jobs as part of the layoffs. This is the fourth round of layoffs the company has conducted since July 2022
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