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Layoffs

20 stories about Layoffs
צוות Lusha

Unicorn Lusha lets go of 10% of employees

18.07.22|Meir Orbach
The Israeli company will be parting ways with 30 employees eight months after raising $205 million at a $1.5 billion valuation
מוסף עצמאות 28.4.20 מייסדי פבריק Fabric

Retail technology unicorn Fabric laying off over 120 employees

13.07.22|Meir Orbach
Fabric reached a $1 billion valuation just this past October when it raised $200 million, but will now be parting ways with a third of its staff
עובדי נקסט אינשורנס NEXT INSURANCE

Insurtech unicorn Next Insurance nixes 17% of workforce

07.07.22|Meir Orbach
The company is laying off 150 employees, mostly in the U.S., explaining that “we must shift focus towards profitability”
CEO David Drai Anodot דויד דריי

Anodot lays off more than a quarter of its workforce

06.07.22|Meir Orbach
The business monitoring company is parting ways with 35 of its 129 employees
מגזין עצמאות 4.5.22 עמי גל מנכל ושותף מייסד SQREAM

SQream slashes over 15% of workforce

06.07.22|Meir Orbach
The data analytics startup is laying off 30 of its 170 employees in order to help it reach a balanced bottom line
מימין בועז כץ ערן בן שושן ו אלון אלרואי מייסדי חברת ביזאבו bizzabo

Bizzabo axes almost 30% of employees

05.07.22|Meir Orbach
The event planning platform will lay off 120 of its 400 employees as it prepares for an extended downturn in business
מגזין עצמאות 4.5.22 תום ליבנה ועובדי ורביט

Verbit to layoff 10% of its workforce, eight months after $250 million funding round

05.07.22|Meir Orbach
Most of the total of around 80 layoffs will be of employees in the U.S., with 30 employees from Israel leaving the company
יוני אסיא מנכ"ל ומייסד איטורו על רקע המשרדים של חברת אי טורו eToro בבני ברק

eToro laying off 100 employees, officially announces termination of SPAC

05.07.22|Sophie Shulman
The trading platform is currently in advanced negotiations for a private funding round for between $800 million and $1 billion, at a $5 billion valuation
Lightricks co-founders

Unicorn cutbacks: Lightricks to lay off 80 employees - 12% of workforce

04.07.22|Sophie Shulman
Lightricks is the latest in a growing list of unicorns to lay off employees despite having hundreds of millions of dollars in their account, joining the likes of Cybereason, Trax, and Snyk
צלזיוס מימין אלכס משינסקי ו דניאל לאון

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
מייסדי Snyk סניק אסף חפץ דני גרנדר ו גיא פודחרני

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
קומפלקס המשרדים O-TECH

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
ליאור סוסן ברייט משינס

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
מטה עליבאבא בייג'ינג

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
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

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
סטרים אלמנטס StreamElements

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 Networks איירספאן ישראל איירפורט סיטי

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
מימין יואל בר אל דרור פלדהיים חברת Trax טראקס טרקס

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
צוות AVO

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
רוברט אנטוקול מייסד ומנכ"ל פלייטיקה

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
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