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Layoffs
20 stories about Layoffs
Over half of high-tech service companies downsized this year
10.07.23
|
Meir Orbach
A new report shows that in the first half of 2023, 52% of the surveyed high-tech companies in Israel stated that they downsized their workforce, compared to 22% in the first half of 2022
Amdocs laying off around 2,000 employees, 6.5% of workforce, in another round of cutbacks
06.07.23
|
Sophie Shulman
The software company parted ways with around 700 employees earlier this year and is reducing its staff yet again despite positive financial results over recent quarters
Telehealth startup TytoCare lays off 10% of workforce
06.07.23
|
Meir Orbach
The Israeli company, which develops a digital device for remote medical testing and diagnosis and has raised $155 million to date, is laying off 20 employees
Healthtech startup DayTwo facing uncertain future after dramatic restructuring
06.07.23
|
Sophie Shulman
The Israeli startup, which raised $85 million mainly from co-founder Marius Nacht, has reduced its staff by over 75% over the past year and is hoping to sell its technology to another company
SaaS management platform Torii laying off 30% of team
29.06.23
|
Meir Orbach
The Israeli startup, which raised a $50 million Series B led by Tiger Global last February, is parting ways with 28 employees
Waze hit with layoffs six months after being merged into Google Geo
28.06.23
|
CTech and Reuters
Alphabet-owned Google said it is cutting jobs at the mapping app as it merges the app's advertising system with Google Ads technology
Payoneer to part with 200 employees, 10% of workforce
26.06.23
|
Sophie Shulman
The fintech company, which is traded on Nasdaq with a market cap of around $1.7 billion, is mainly laying off employees from the marketing and service departments
Joonko on verge of shock closure; Board claims CEO "engaged in fraudulent conduct"
25.06.23
|
Meir Orbach
According to a statement from the Joonko board, CEO Ilit Raz “was found to have engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and its shareholders.” Joonko raised a $25 million Series B last September led by Insight Partners, with support from Target Global
Airspan axes another 30% of Israeli workforce in second round of layoffs
19.06.23
|
Meir Orbach
The American telecommunications company is laying off 60 of 200 employees in Israel after firing 35 employees last June
Former Shin Bet director's cyber startup Opora is shutting down
08.06.23
|
Meir Orbach
Opora Technologies, founded by the former head of the Israel Security Agency Yuval Diskin, has laid off most of its employees and is on the verge of a complete closure after raising a total of $10 million since its founding in 2020
Valens Semiconductor laying off 15% of workforce as pace of bookings slows significantly
08.06.23
|
CTech
The Israeli automotive chip company, which is currently traded with a market cap of $240 million after going public at a $1.1 billion valuation, also cut its guidance for the rest of the year
Why did SentinelOne shares plummet by 35% in a single day?
04.06.23
|
Meir Orbach
SentinelOne stock fell on Friday following disappointing financial reports and the news of the layoffs of 5% of its employees. The good news is that the company is still growing and has enough financial breathing room to weather the crisis
SentinelOne cuts annual revenue forecast, laying off around 100 employees
02.06.23
|
Meir Orbach
The Israeli-founded cybersecurity company’s share price plummeted in after-hours trading after it fell well short of analysts’ expectations
Job posting site ZipRecruiter to cut 20% of global workforce, including at Israel R&D center
01.06.23
|
CTech
Around 20-30 Israeli employees will be laid off by the U.S. company, which blamed market conditions for the decision
Outbrain ousts 10% of workforce in second round of layoffs
01.06.23
|
CTech
The internet recommendation platform is laying off around 90 employees after firing 38 people last summer
Western Digital lays off 7% of workforce in Israel
24.05.23
|
CTech
The hard drive manufacturer is parting ways with 60 of its 800 employees in the country
Qualcomm cuts 5% of jobs in Israel
23.05.23
|
Meir Orbach
The chip giant is laying off around 30 employees in the latest in a series of cutbacks at the company
Are down rounds the new layoffs?
22.05.23
|
Eyal Bino
"With 2023 shaping up to be the year of down rounds, what is the potential impact on the Israeli tech ecosystem, and how can founders avoid being part of this trend?" writes Eyal Bino, Founding Partner of 97212 Ventures
Anti-toxicity startup L1ght shutting down after acquisition falls through
18.05.23
|
CTech
The company, which developed technology to identify and analyze harmful online content, has notified all 22 of its employees that they are being laid off
Lemonade laying off dozens of employees, 3% of total workforce
16.05.23
|
Sophie Shulman
Most of the employees being laid off hail from R&D departments based in Israel, meaning around 10% of the company’s workforce in the country is set to leave
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