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Layoffs
20 stories about Layoffs
Ailing crypto lender Celsius to lay off a quarter of its employees
03.07.22
|
Meir Orbach
The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis that saw it pause all withdrawals from its platform three weeks ago
Snyk laying off 30 employees less than a year after raising $530 million
03.07.22
|
Sophie Shulman
The cybersecurity unicorn announced that it would be making organizational changes despite reaching a valuation of $8.5 billion last year and raising a total of $830 million in 2021
Parallel Wireless set to lay off a quarter of its employees in Israel
29.06.22
|
Meir Orbach
Around 60 of 250 employees are set to leave the American company, which was founded in 2012 and set up its R&D center in Israel six years later
Bright Machines lays off 30 employees in Israel
28.06.22
|
Meir Orbach
The American company develops software-defined autonomous manufacturing lines for industry and has an R&D and operations center in Kibbutz Yakum in Israel’s Sharon region
Alibaba closes R&D center in Israel, lays off entire staff
27.06.22
|
Meir Orbach
Around 50 employees were notified on Sunday that they will be laid off after the Chinese e-commerce giant decided to shut down local development
Layoffs in tech: Israeli high-tech companies prefer to start abroad
27.06.22
|
Meir Orbach
Over recent years, many Israeli companies have chosen to develop their core locally while expanding the rest of the company abroad. As a result, while in recent weeks Israeli high-tech companies have laid off hundreds of employees, most of them have chosen to start overseas
StreamElements to lay off 20% of employees less than a year after raising $100 million led by SoftBank
26.06.22
|
Meir Orbach
The company, which provides engagement and monetization tools for live and VOD content creators, joins Cybereason and Trax on the list of Israeli SoftBank-backed startups making cuts
Airspan laying off 35 employees in Israel
22.06.22
|
Meir Orbach
The U.S. company announced just four months ago that it plans on recruiting dozens of additional employees in the country
Retail analytics unicorn Trax to lay off over 100 employees
20.06.22
|
Meir Orbach
“We still have a lot of money in our account from last year’s funding round, but we are required to reach profitability faster than we had planned,” said Trax co-founder and Executive Chairman Joel Bar-El
Six reasons why high-tech companies are laying off employees
19.06.22
|
Meir Orbach
Israeli high-tech is alive and kicking, and the demand for manpower remains great. But after years of money flowing like water and hiring sprees, the industry is tightening its belt. Calcalist examines the reasons that led companies to lay off employees - from investor pressure to a change in business direction - to understand where the trend is heading
Playtika to lay off 250 employees in North America and Europe
31.05.22
|
Meir Orbach
The gaming giant is looking to consolidate some of its activities and therefore decided to close its R&D centers in London and Montreal, and to transfer the activity of its Los Angeles studio to Israel and Poland
Oribi to fire employees following LinkedIn acquisition
06.03.22
|
Meir Orbach
A week after being acquired by LinkedIn for $90 million, Oribi is firing most of its teams that work with clients, including many marketing, sales, and customer support staff
McAfee to shut down Israeli development center
12.01.21
|
Meir Orbach
Employees told layoffs are imminent; the company raised $740 million in 2020 Nasdaq IPO
Anheuser-Busch firing 20 employees in Israel
24.11.20
|
Hagar Ravet
World's largest brewery implementing structural changes in the development centers that it set up in Israel as part of digital transformation
HERE Mobility shuts down Israel operations, lays off 200 employees
30.07.20
|
Meir Orbach and Hagar Ravet
Employees told that the move followed a decision by its parent company’s board to focus on core activities
Webpals lays off 72 people as part of its growth strategy
20.07.20
|
Meir Orbach
Management said firings had nothing to do with the coronavirus pandemic or to the company’s business activities
The tech sector has been running on excess, Covid-19 is forcing it to trim the fat
17.07.20
|
Hagar Ravet
Multinational giants and smaller companies in thriving sectors are still recruiting, which is shielding tech talents' employment terms for now
Even those who keep their jobs will need to keep their feet on firm soil
17.07.20
|
Ariel Greisas
"For the first time in our careers, being fired is not just being on your way to the next great thing, it means a prolonged unemployment period "
Israeli defense powerhouse IAI to stunningly lay off 900 workers
01.07.20
|
Golan Hazani
CEO resigned, workers union promised to battle the decision
After veteran GM’s resignation, Indigo calls 102 employees in for termination hearings
28.06.20
|
Meir Orbach
Over the past couple of years, Alon Bar-Shany deflected two separate attempts by HP to downsize Indigo's workforce
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