Tech Crisis 2022

20 stories about Tech Crisis 2022
בניין משרדים של ווסטרן דיגיטל

Western Digital lays off 7% of workforce in Israel

24.05.23|CTech
The hard drive manufacturer is parting ways with 60 of its 800 employees in the country
ביתן קואלקום Qualcomm תערוכה MWC שנגחאי 2021

Qualcomm cuts 5% of jobs in Israel

23.05.23|Meir Orbach
The chip giant is laying off around 30 employees in the latest in a series of cutbacks at the company
Eyal Bino

Are down rounds the new layoffs?

22.05.23|Eyal Bino
"With 2023 shaping up to be the year of down rounds, what is the potential impact on the Israeli tech ecosystem, and how can founders avoid being part of this trend?" writes Eyal Bino, Founding Partner of 97212 Ventures
זוהר לבקוביץ’ שותף מייסד ומנכל חברת הסטארט־אפ L1GHT

Anti-toxicity startup L1ght shutting down after acquisition falls through

18.05.23|CTech
The company, which developed technology to identify and analyze harmful online content, has notified all 22 of its employees that they are being laid off
הנפקת למונייד בורסת ניו יורק יולי 2020

Lemonade laying off dozens of employees, 3% of total workforce

16.05.23|Sophie Shulman
Most of the employees being laid off hail from R&D departments based in Israel, meaning around 10% of the company’s workforce in the country is set to leave
שבתאי אדלרסברג מנכ"ל אודיוקודס

AudioCodes laying off up to 10% of staff

09.05.23|Omer Kabir
The Israeli Nasdaq-listed company will part ways with around 80 of its employees (6%) immediately, and will lay off up to 10% over the coming year
צוות עובדי הסטארט-אפ ממיק Memic

Surgical robotics startup Momentis cutting 60% of team one year after $1 billion SPAC fell through

08.05.23|Meir Orbach
Momentis, formerly Memic, which develops robotic-assisted surgery solutions, is laying off 70 of 120 employees
CEO David Drai Anodot דויד דריי

Anodot laying off 20% of team in second round of layoffs

07.05.23|Meir Orbach
The Israeli business monitoring startup is parting ways with around 15 of 80 employees after firing 35 people last July
ירון מורגנשטרן Glassbox

Glassbox lays off 14% of staff, aims to save $7.44 million a year

04.05.23|CTech
The Israeli software company has lost 85% of its market cap since going public two years ago
Ronen Yuval - Hoch (left) and Jonathan Friedman Karma Founders

Bad Karma: Online shopping startup sacks almost a third of its workforce

04.05.23|Meir Orbach
The Israeli company, which has developed an AI-driven shopping assistance browser extension and app, is laying off 20 of 70 employees
Robin Gilthorpe Earnix

Fintech unicorn Earnix lays off 10% of team

04.05.23|CTech
The veteran Israeli startup will part ways with around 30 employees
כנס חדשנות כנס חדשנות יהונתן אדירי

Healthy.io lays off a third of its workforce after raising $50 million

03.05.23|Meir Orbach
The medtech startup is parting ways with around 70 employees despite receiving a fresh $50 million investment
משרד יוניטי סופטוור ביפן

Latest layoffs at Unity to include dozens of employees in Israel

03.05.23|Meir Orbach
The gaming company will be parting ways with a total of 600 employees in its third round of layoffs in a year
חברת קורנינג

Corning closing R&D center in Israel, laying off entire workforce

03.05.23|Meir Orbach
Dozens of employees will lose their jobs due to the multinational tech giant’s cutbacks
דרופבוקס

Dropbox closing Israel R&D center as part of global cutbacks

27.04.23|Meir Orbach and Reuters
The U.S. cloud storage provider is estimated to have employed around 50 people in Israel and it will be laying off all of them as part of a 16% reduction in its global workforce
לוגו אמזון

Amazon axes dozens of jobs in Israel after shutting down Halo program

27.04.23|Meir Orbach
The tech behemoth said last month that it will lay off 9,000 more employees following an earlier round of layoffs that began in November which affected more than 18,000 staffers
אידו ג'ינו

API unicorn Rapid laying off half of its workforce

25.04.23|Sophie Shulman
New CEO Marc Friend wasted little time in implementing cutbacks after replacing founder Iddo Gino at the helm last week
אסף רזניק אליק איזנברג BigPanda

Unicorn BigPanda lays off 13% of workforce

24.04.23|CTech
The Israeli company, which raised $190 million at a $1.2 billion valuation last year, is parting ways with around 40 employees in total
פנאי ארן אראל

F5 firing 10% of Israeli team

24.04.23|Meir Orbach
The American cybersecurity company is reducing its global workforce by 9%, a total of 623 employees
Gloat

Talent marketplace Gloat lays off 12% of team

20.04.23|CTech
The Israeli startup, which raised $90 million in a Series D in June 2022, will part ways with around 35 employees