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Tech Crisis 2022

20 stories about Tech Crisis 2022
מטה מטא Meta פייסבוק קליפורניה

Meta cuts 90 jobs in Israel as part of global layoffs

19.04.23|CTech
After the first wave last month included mainly employees from the HR departments, this time employees from a wide variety of fields, including programmers and engineers, were let go
EA ELECTRONIC ARTS

Electronic Arts closing R&D center in Israel, laying off entire team

19.04.23|Irad Atzmon Schmayer
Dozens of employees will lose their job as part of the global cutbacks at EA, which will include a total of more than 700 employees, accounting for 6% of the video game publisher’s workforce
נציגי ווקמי במעמד פתיחת המסחר במניה אתמול בנאסד"ק

WalkMe axes another 112 employees, reducing workforce by a further 10%

19.04.23|Sophie Shulman
This is the company’s second round of layoffs in 2023 after parting ways with 43 employees in January
משרדי חברת קוודרים QuaDream ברמת גן

Offensive cyber company QuaDream shutting down amidst spyware accusations

16.04.23|Omer Kabir and Meir Orbach
It was reported last week that the Israeli firm's hacking tools have been used against journalists, opposition figures and advocacy organizations across at least 10 countries
עובדי הייטק מפגינים בת"א נגד ההפיכה המשטרית מחאת ההייטק פברואר 2023

Israeli startup Constru up for sale after claiming judicial overhaul nixed funding

14.04.23|Lital Dobrovitsky
Constru appealed to the Tel Aviv District Court for financial assistance at the end of March, claiming that it ran into a "perfect storm", due to, among other things, "the growing concerns of investors to make investments in Israel in view of the approaching judicial overhaul"
פיטר מקאי מנכ"ל Snyk ו גיא פודחרני מייסד Snyk סניק

Cyber unicorn Snyk sacks another 128 employees, five months after raising almost $200 million

13.04.23|CTech
The Israeli-founded company has laid off over 350 employees since last July, accounting for 25% of its 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

20.02.23|CTech
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
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