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Tech Crisis 2022

20 stories about Tech Crisis 2022
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

02.02.23|CTech
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
קומפלקס O-TECH כפר סבא פינסטרה

Fintech giant Finastra laying off dozens of employees in Israel

25.01.23|Meir Orbach
Finastra employs over 11,000 people worldwide, including 370 at its R&D center in Israel
עמנואל בן-זקן מנכ"ל CHECKMARX

Just two months after layoffs, Checkmarx flew hundreds of employees to kickoff event in Mexico

25.01.23|Meir Orbach
The Israeli cybersecurity company is estimated to have spent hundreds of thousands of dollars on the annual event in Cancun that was held only a few weeks after it laid off around 100 employees
קוואלקום

Qualcomm set to cut dozens of jobs in Israel in new round of layoffs

25.01.23|Meir Orbach
The U.S. chip giant, which acquired Israeli startup Cellwize for $350 million last June, employs 700 people in Israel out of its total workforce of 12,500 employees
חברת הימורים 888

Gambling group 888 lays off dozens of employees in Israel

25.01.23|Meir Orbach
888 employed around 590 people in Israel prior to the cutbacks
צביקה נטר מנכ"ל אינוביד

Video advertising company Innovid lays off 10% of workforce

24.01.23|Sophie Shulman
The Israeli-founded company completed a SPAC merger at a $1.2 billion valuation in December 2021, but currently has a market cap of $310 million
מימין סיון קריגסמן אריק גומנובסקי מיכאל דולינסקי שי מורג מייסדי ארמטיק

Cloud security startup Ermetic lays off 17% of team

23.01.23|Meir Orbach
The Israeli company, which paid tens of thousands of dollars to appear on the hit Netflix series Fauda last year, will be parting with 30 employees in total
Namogoo co-founders Ohad Greenshpan and Chemi Katz

Namogoo parting with 15% of workforce in second round of layoffs in less than three months

23.01.23|Meir Orbach
Company CEO Chemi Katz said the latest cutbacks will make the startup profitable immediately
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר - חדש

Pagaya confirms layoff of 20% of workforce, 140 employees

18.01.23|Meir Orbach
The fintech company, which became Israel’s highest-valued company for a short time last year, expects to save $30 million a year from the cutbacks
Snappy Founders

Gifting platform Snappy sacking 30% of its workforce, around 100 employees

15.01.23|Meir Orbach
“Unfortunately, we must make extremely painful choices in order to orient Snappy’s financial profile toward sustainable growth and profitability,” wrote CEO Hani Goldstein
עובדי גונג GONG

How can high-tech profit from the crisis

12.01.23|Sophie Shulman
“This crisis will improve the efficiency of the companies. You need to have a shake-up once in a while,” says serial entrepreneur Ofer Bengal. Is this crisis a necessary step for Israeli high-tech to reach maturity?
פאגאיה הנפקה נאסד"ק

Pagaya preparing to part with over 100 employees, 15% of workforce

11.01.23|Meir Orbach
The fintech company, which became Israel’s highest-valued company for a short time last year, employs 650 people and announced its first acquisition on Wednesday, purchasing proptech platform Darwin Homes
Tipalti טיפלתי נאסדק

Fintech unicorn Tipalti lays off 123 employees, 11% of team

11.01.23|Meir Orbach
Tipalti raised $270 million at an $8.3 valuation in December 2021
סטרים אלמנטס StreamElements

StreamElements sacks 20% of team for the second time in seven months

10.01.23|Meir Orbach
The company, which raised $100 million in funding led by SoftBank Vision Fund 2 in September 2021, also laid off 20% of its workforce last June
חברת פורסקאוט שנמכרה לקרן הפרייבט אקוויטי

Forescout fires 60% of Israeli R&D staff

09.01.23|Raphael Kahan
The Israeli-founded cybersecurity company is parting with around 10% of its total team in its second round of layoffs over the past four months
עובדי מינט מדיה

Minute Media laying off around 10% of employees

08.01.23|Meir Orbach
The digital ad startup, which previously acquired the likes of The Players’ Tribune and FanSided, will part with 50 employees
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