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Serbia opens Israeli drone factory as defense ties with Elbit deepen
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The man who helped build Palo Alto’s Cortex is leaving the company
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“Our next milestone will be a billion-dollar valuation”: MIND triples valuation to $300 million with $72 million Series B
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Layoffs
20 stories about Layoffs
DataRails lays off 18% of team
05.12.22
|
Sophie Shulman
The financial planning and analysis platform is parting with 30 employees
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
Pratt & Whitney shutting down Blades Technology Israel factory, putting 900 people out of work
04.12.22
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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
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
Unicorn employees paying the price for exaggerated expansion
24.11.22
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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
Fintech unicorn Rapyd set to lay off dozens of employees
22.11.22
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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
Unicorn Trax embarks on another round of layoffs, parting with 8% of workforce
22.11.22
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Meir Orbach
The Israeli company will be laying off another 70-80 employees after parting with over 100 workers in June
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
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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
Fintech unicorn Capitolis cuts almost 25% of workforce
17.11.22
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Meir Orbach
The company, which raised $110 million at a $1.4 billion valuation this past March, is laying off 37 employees in total
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
Unicorn Yotpo lays off 70 employees, 9% of team
16.11.22
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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
The secret behind the surprise success of Monday, Fiverr and Riskified
16.11.22
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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
Similarweb sacks 130 employees, 10% of workforce
16.11.22
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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
Unicorn OwnBackup ousts 17% of workforce
15.11.22
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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.
Unicorn Cloudinary cuts 8% of workforce
14.11.22
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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
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
Proptech startup Veev cuts 30% of jobs eight months after raising $400 million
11.11.22
|
Meir Orbach
The technology-enabled homebuilding company is laying off around 100 employees despite taking its total funding to $600 million earlier this year
Meta layoffs have global effect, including in Israel
09.11.22
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Meir Orbach and Reuters
Mark Zuckerberg announced on Wednesday that the company will cut 11,000 jobs, and Meta Israel will also be affected
Namogoo lays off 15% of workforce
09.11.22
|
Meir Orbach
The Israeli startup, which raised $15 million six months ago to take its total funding to $81 million, is parting ways with 25 employees
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