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
מבחנה ביומד

AnGes laying off 110 EmendoBio employees three years after $250 million acquisition

20.12.23|Meir Orbach
The Japanese pharma company notified the employees of the Israeli firm that they are being fired and the future of the company's technology is unclear at this point
MRI של חברת אינסייטק insightec

Medical device company Insightec laying off 100 employees, 20% of workforce

19.12.23|Golan Hazani
The Israeli company has developed a platform that focuses on sound waves, guided by MRI, to provide tremor treatment to patients with medication-refractory essential tremor and Parkinson's disease
מטה איביי Ebay סן חוזה קליפורניה

eBay cutting almost 10% of Israeli workforce in second round of layoffs this year

17.12.23|Meir Orbach
The e-commerce giant is laying off around 20-25 of its 250 employees in Israel after already firing dozens in February
צוות אינקרדיבילד

Software development startup Incredibuild laying off 20% of workforce

05.12.23|Meir Orbach
The Israeli company, which raised $35 million in Series B funding in June 2022, is cutting around 40 jobs
עמי אברהמי עמית הלר Veev

After raising $600 million, proptech startup Veev is on the verge of closure

26.11.23|Meir Orbach
Veev, which informed its staff of the impending closure on Sunday, is believed to be in negotiations to sell its activity and assets
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

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

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 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”