Tech Crisis 2022

20 stories about Tech Crisis 2022
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022-23

12.09.23|CTech
The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
מימין רותם אירם ו רומן יצקוביץ' מייסדי At Bay

Cyber insurtech unicorn At-Bay lays off almost 10% of workforce

12.09.23|Meir Orbach
At-Bay, which raised a $205 million Series D in 2021 at a valuation of $1.35 billion, is parting ways with 27 employees
חברת פורסקאוט שנמכרה לקרן הפרייבט אקוויטי

Forescout closing Israel R&D center

06.09.23|CTech
The Israeli-founded cybersecurity company is laying off its remaining 40 employees in the country
לוגו פורד יצרנית רכב

Ford shutting down SAIPS project responsible for developing autonomous vehicles

05.09.23|Meir Orbach
The entire SAIPS team, numbering dozens of employees, will be laid off
ערן שיר מנכ"ל נקסאר Nexar

Nexar cuts 14% of team in third round of layoffs

04.09.23|Meir Orbach
The AI computer vision company laid off another 17 employees and has reduced its headcount by over 30% in the last 10 months
גיל אלבז CTO ושותף מייסד ב Datagen דאטהג'ן דאטה ג'ן ו אופיר צ'קון מנכל ו שותף מייסד

AI startup Datagen on verge of closure after laying off almost all remaining workforce

22.08.23|Sophie Shulman
The emergence of generative AI significantly hurt the Israeli company and led to major layoffs already three months ago, as well as negotiations with Meta for a potential acquisition, which never came to fruition
מגזין עצמאות 4.5.22 עובדי סטרים אלמנטס Stream Elements

StreamElements sacking over 35% of workforce in third round of layoffs

17.08.23|Sophie Shulman
The Israeli startup is cutting 60 of 160 jobs after previously laying off 20% of the team last June and another 40 employees in January of this year
צוות דילטייל

Dealtale shut down by Vianai one year after being acquired

09.08.23|CTech
All 70 employees of the Israeli startup, which was purchased for around $20 million last May, were notified they are being laid off
אמדוקס תערוכת MWC ברצלונה 2019

Amdocs reports revenues that surpassed expectations, but anticipates slowdown

03.08.23|Sophie Shulman
The software company which last month laid off 2,000 employees, is anticipating a general slowdown this year due to low purchase rate among customers
קומפלקס O-TECH כפר סבא פינסטרה

Fintech giant Finastra fires dozens in second wave of layoffs

03.08.23|Meir Orbach
Finastra employs over 11,000 people worldwide, including 370 at its R&D center in Israel
מוסף עצמאות 14.4.21 גל שאול ו סער יוסקוביץ' מיסדיי Augury

Unicorn Augury cuts 18% of workforce in second round of layoffs

02.08.23|Meir Orbach
The Israeli startup is laying off 70 employees after parting ways with 20 staff members at the start of the year
מוסף עצמאות 14.4.21 תום ליבנה מייסד Verbit

Unicorn Verbit cutting 60 jobs in second round of layoffs

26.07.23|Meir Orbach
Verbit underwent an organizational change last July that saw it reduce the company’s workforce by 10%
גיא כספי מנכ"ל דיפ אינסטינקט

Cybersecurity startup Deep Instinct laying off 15% of team

25.07.23|Meir Orbach
The company will be parting ways with 46 of around 300 employees, including 19 in Israel
AB IN BEV

AB InBev laying off over a third of workforce in Israel

24.07.23|Meir Orbach
The global beverage conglomerate is set to part ways with around 40 employees in total, saying that it has decided to centralize “B2B technology support structure”
מייסדי Stoa תום סלע אור אגסי

Proptech startup Stoa slashes workforce after raising $300 million, uncertain future ahead

20.07.23|Allon Sinai
The company cut its workforce by 80% from around 100 employees to just 20 and said that “there are several deals on the table that the company is considering”
מטה יבמ IBM פתח תקווה פארק אזורים

IBM laying off dozens of storage software developers in Israel

17.07.23|Meir Orbach
IBM operates a substantial development center in Israel focused on storage technology, employing hundreds of workers. The center was established after IBM acquired the Israeli startup XIV in 2008
עובדים בחברת סייסנס sisense

Software unicorn Sisense sacks 100 employees, 15% of workforce

11.07.23|Sophie Shulman
The current layoffs are another shock in a long series of negative developments at Sisense, beginning with the departure of senior executives last year and followed by relatively small-scale layoffs and a halt in recruitment
חלל עבודה מתחם BE ALL

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