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

The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
מיכל ברוורמן בלומנשטיק מנכלית מיקרוסופט ישראל מחקר ופיתוח

Microsoft Israel to lay off dozens as part of global cutbacks

26.03.23|Meir Orbach
According to Business Insider, layoffs are coming to Microsoft’s cyber team on Monday. Microsoft announced in January that it is laying off 10,000 workers
אנטי וירוס אבטחה סייבר מובייל האקר 2

Cyren trustee seeks to sell anti-malware tech to Icelandic company

09.03.23|Lital Dobrovitsky
The Israeli cybersecurity company was issued a freezing order last month after accumulating debts of NIS 42 million. Cyren’s trustee has asked the district court to sell its anti-malware technology to Icelandic company OK and asked not to make the amount public
חנות נייקי Nike בייג'ינג סין

Nike shuts down Israel R&D center, lays off entire team

01.03.23|Meir Orbach
The footwear and clothing giant set up an R&D center in Israel following the acquisition of Tel Aviv-based fashion technology startup Invertex in 2018
פארק עתידים משרדים 1

Cyren enters insolvency after laying off entire workforce

27.02.23|Lital Dobrovitsky
The company’s accumulated deficit as of September 2022 reached approximately $296 million. Until recently, the Israeli parent company employed 49 people, but at the beginning of the month most of the employees were laid off
חברת Visiblerisk

BitSight shuts down Israel office, lays off entire team

26.02.23|Meir Orbach
The American cybersecurity company acquired Israeli startup VisibleRisk in September 2021 to set up a local R&D center, but has decided to close it 17 months later and lay off all 40 of its employees
אביגיל גוטמן

Synamedia sacks 200 employees, 12% of workforce

22.02.23|Meir Orbach
This is the second round of layoffs at the company, which parted with several dozen employees last November
מגזין עצמאות 4.5.22 מייסדי פיירבלוקס עידן עפרת, מיכאל שאולוב ופבל ברנגולץ

Digital assets unicorn Fireblocks firing 5% of staff

Fireblocks, which raised $550 million at an $8 billion valuation in January of 2022, is laying off a total of 30 employees
בניין HP אינדיגו בפארק המדע קריית ויצמן

HP laying off 100 employees in Israel

19.02.23|Meir Orbach
HP announced last November that it would be laying off between 4,000-6,000 of its 51,000 employees by the end of 2025, accounting for up to 12% of the total workforce
Laid Off Techies

“People don't understand how traumatic it is”: Stories from laid-off techies

16.02.23|James Spiro
CTech spoke to four former techies who were impacted by the ongoing layoffs occurring in Startup Nation
מטה חברת Wix וויקס תל אביב

Wix cuts another 370 jobs in second round of layoffs in six months

15.02.23|Sophie Shulman
The website building company will part with over 6% of its workforce, with most of the layoffs being made in the customer care department
משרדי גוגל תל אביב

Google cutbacks reach Israel, dozens of employees to be laid off

13.02.23|Meir Orbach
Google's parent Alphabet announced last month that it was cutting about 12,000 jobs globally, accounting for 6% of the workforce
REE מימין אחישי סרדס ו דניאל בראל

REE laying off 11% of team after losing 95% of market cap

09.02.23|Sophie Shulman
The Israeli auto-tech company completed a SPAC merger in July 2021 at a value of $3.1 billion, but currently has a market cap of only about $120 million
עובדי גונג GONG

Unicorn Gong cuts 80 jobs, 7% of workforce

08.02.23|Meir Orbach
The company laid off 15 employees three months ago, but ultimately decided it required far more significant cutbacks
מייסדי אקוויטי בי EquityBee

Equitybee cuts 25% of team in second round of layoffs

08.02.23|Meir Orbach
The company is laying off another 24 employees after parting with 25 last October
מטה איביי Ebay סן חוזה קליפורניה

eBay laying off dozens of employees in Israel as part of global cutbacks

08.02.23|Meir Orbach
The e-commerce giant announced on Tuesday that it will lay off 500 employees globally, representing 4% of its total workforce
משרדים ויביז חדר ישיבות זירת הנדלן

Fintech startup TenureX shuts down after funding dries up

06.02.23|Meir Orbach
The company had raised a total of $5 million and employed around 20 people before being hit hard by the economic downturn
לייטיקו Lightico צביקי בן ישי

Lightico lays off 25% of team in second round of cutbacks

05.02.23|Meir Orbach
The fintech company laid off 20 of its 80 team members after parting with a similar number of employees last March
פיטורים גל סבב פיטורים

Cybersecurity company Cyren on verge of shut down after laying off entire workforce

The Israeli-founded company said that “in response to current market conditions and associated challenges with raising additional capital” it plans to “reduce its workforce by approximately 121 employees, representing substantially all of the company's workforce”
רון עצמון מנכ"ל אוטנטיקס

AU10TIX cuts 9% of workforce

30.01.23|Meir Orbach
The company, which develops identity verification and management automation tools, is laying off a total of 19 employees