Tech Crisis 2022

20 stories about Tech Crisis 2022
Nadav Shimoni Arkin

Arkin Holdings: “I’m actually afraid we are not at the bottom yet” of the tech crisis

27.11.22|Elihay Vidal, James Spiro
Dr. Nadav Shimoni, Managing Director of Arkin Digital Health, joined CTech for its VC Survey series to consider how 2023 will look in the investment space.
מייסדי Rapyd

Fintech unicorn Rapyd set to lay off dozens of employees

22.11.22|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
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022

The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
מימין יואל בר אל דרור פלדהיים חברת  Trax טראקס טרקס

Unicorn Trax embarks on another round of layoffs, parting with 8% of workforce

22.11.22|Meir Orbach
The Israeli company will be laying off another 70-80 employees after parting with over 100 workers in June
גיל מנדלזיס מייסד מנכ"ל קפיטוליס

Fintech unicorn Capitolis cuts almost 25% of workforce

17.11.22|Meir Orbach
The company, which raised $110 million at a $1.4 billion valuation this past March, is laying off 37 employees in total
שהם לוי

Firing employees and remaining a valued brand are both possible

17.11.22|Shoham Levy
Even though the industry has faced a slowdown in recent months, retaining skilled employees remains vital. However, to accomplish this objective, smart and sensitive organizational management is essential, writes Shoham Levy, CEO of Creativity Value
משרדי פיליפס ורשה פולין

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
מנכ"לים מסותפים יוטפו מימין תומר תגרין עומרי כהן

Unicorn Yotpo lays off 70 employees, 9% of team

16.11.22|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
הנפקת סימילרווב בשבוע שעבר

Similarweb sacks 130 employees, 10% of workforce

16.11.22|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
סם גוטמן מנכ"ל OwnBackup

Unicorn OwnBackup ousts 17% of workforce

15.11.22|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.
טל לב עמי איתי לחן נדב סופרמן Cloudinary

Unicorn Cloudinary cuts 8% of workforce

14.11.22|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
עמי אברהמי עמית הלר Veev

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
מנכ"ל מטא מארק צוקרברג

Meta layoffs have global effect, including in Israel

09.11.22|Meir Orbach and Reuters
Mark Zuckerberg announced on Wednesday that the company will cut 11,000 jobs, and Meta Israel will also be affected
חמי כץ מנכ"ל נמוגו namogoo

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
Toyga office

Toyga places all 110 of its Israeli employees on unpaid leave

08.11.22|Meir Orbach
The financial services company said it was taking the latest cutback measure due to an upcoming merger. Toyga laid off 50 employees six months ago
חלל עבודה של WeWork בתל אביב ישראל

Survey: One in three Israeli startups has laid off employees in 2022

06.11.22|Maayan Manela
New data shows half of the startups have frozen hirings, while workers seek stable companies, but won’t lower salary expectations. How can the storm be weathered?
בניין חברת ורוניס בהרצליה פיתוח

Varonis lays off 110 employees, downsizes R&D staff

06.11.22|Sophie Shulman
The Nasdaq-traded firm saw its share price plummet by more than a third last week following its disappointing results for the third quarter of the year