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Cyber decacorn Wiz in advanced negotiation to acquire Lacework for $150-200 million
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Israeli Billionaire Hires Black Cube to Spy on Former Partner Company Vale
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Google employees arrested following protest over Israel ties at executive’s office
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The price of failure: Dutch company's chip monopoly born from a bad bet by Intel
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Cyber unicorn Armis acquiring Silk Security for $150 million
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Tech Crisis 2022

20 stories about Tech Crisis 2022
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
שבתאי אדלרסברג נשיא ו מנכל אודיוקודס

Declining results, a crashing stock, and a CEO under duress - what is going on at AudioCodes?

13.07.23|Almog Azar
The Covid-19 pandemic propelled AudioCodes, which specializes in communication solutions for digital work environments, to a record valuation of over $1.3 billion in 2020. The founder had plans for an exit, but that led to a conflict with an old friend, and as the epidemic waned, demand weakened, and the company's stock plummeted
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
פיטר מקאי מנכ"ל Snyk ו גיא פודחרני מייסד Snyk סניק

Cybersecurity unicorn Snyk sees valuation plummet by over 50% in secondary deals

10.07.23|Sophie Shulman
Former Snyk employees and early investors are in the process of selling shares at a company valuation of $3.3 billion, a $4 billion drop from last December’s Series G
אמדוקס תערוכת MWC ברצלונה 2019

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
מגזין עצמאות 4.5.22 דדי גלעד ועופר צדיק מייסדי טייטו קר

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
מריוס נכט 1

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
מייסדי Torii אורי ברזניצקי אורי הרמתי אורי נתיב

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
ג'ון קפלן המנכ"ל החדש של פיוניר

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
Ilit Raz, Founder _alt CEO, Joonko

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 Networks איירספאן ישראל איירפורט סיטי

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
שאול אולמרט Piggy

Navigating challenges and fostering solidarity: Supporting the high-tech industry in times of turmoil

11.06.23|Shaul Olmert
"Above all, the main challenge during this period is not only practical but also emotional. Listening, showing empathy, and offering goodwill can work wonders during difficult times,” writes Shaul Olmert
חברת אופורה Opora מימין שי גבאי נועם יולס אראל מרגלית יוליה קגן ו יובל דיסקין

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
וול סטריט הנפקת ואלנס Valens

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
סנטינל וואן SentinelOne הנפקה בורסת ניו יורק

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 סנטינל וואן ביום ההנפקה בוול סטריט

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
משרדי ZipRecruiter

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
משרדי אאוט בריין Outbrain ניו יורק

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
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