Full list of Israeli high-tech layoffs in 2022-23
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
20.12.23
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.
19.12.23
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
17.12.23
The e-commerce giant is laying off around 20-25 of its 250 employees in Israel after already firing dozens in February
5.12.23
The Israeli company, which raised $35 million in Series B funding in June 2022, is cutting around 40 jobs
12.9.23
At-Bay, which raised a $205 million Series D in 2021 at a valuation of $1.35 billion, is parting ways with 27 employees
6.9.23
The Israeli-founded cybersecurity company is laying off its remaining 40 employees in the country
5.9.23
The center’s entire workforce, numbering dozens of employees, will be laid off
4.9.23
The AI computer vision company laid off another 17 employees and has reduced its headcount by over 30% in the last 10 months
22.8.23
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
17.8.23
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
9.8.23
All 70 employees of the Israeli startup, which was purchased for around $20 million last May, were notified they are being laid off.
3.8.23
Finastra employs over 11,000 people worldwide, including 370 at its R&D center in Israel
2.8.23
The Israeli startup is laying off 70 employees after parting ways with 20 staff members at the start of the year
1.8.23
The Israeli startup is parting ways with around 150 employees. “The only way to give the company a fighting chance of survival and getting back to a path of sustainable growth is to keep on a small core of people that represent bare operational necessity,” wrote CEO Yaniv Bertele
26.7.23
Verbit underwent an organizational change last July that saw it reduce the company’s workforce by 10%
25.7.23
The company will be parting ways with 46 of around 300 employees, including 19 in Israel
24.7.23
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”
20.7.23
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”
17.7.23
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
11.7.23
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
6.7.23
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
The Israeli startup, which develops a digital device for remote medical testing and diagnosis and has raised $155 million to date, is laying off 20 employees
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
29.6.23
The Israeli startup, which raised a $50 million Series B led by Tiger Global last February, is parting ways with 28 employees
28.6.23
Alphabet-owned Google said it is cutting jobs at the mapping app as it merges the app's advertising system with Google Ads technology
27.6.23
The Israeli-founded company went public in October through a SPAC merger at a valuation of $1.2 billion, but currently has a market cap of around just $120 million
26.6.23
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
25.6.23
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.”
19.6.23
The American telecommunications company is laying off 60 of 200 employees in Israel after firing 35 employees last June
8.6.23
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
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
2.6.23
The Israeli-founded cybersecurity company’s share price plummeted in after-hours trading after it fell well short of analysts’ expectations
1.6.23
The internet recommendation platform is laying off around 90 employees after firing 38 people last summer
Around 20-30 Israeli employees will be laid off by the U.S. company, which blamed market conditions for the decision
24.5.23
The hard drive manufacturer is parting ways with 60 of its 800 employees in the country
23.5.23
The chip giant is laying off around 30 employees in the latest in a series of cutbacks at the company
18.5.23
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
16.5.23
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
10.5.23
The digital intelligence company is parting with another 60 employees after firing 130 last November
9.5.23
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
8.5.23
Momentis, formerly Memic, which develops robotic-assisted surgery solutions, is laying off 70 of 120 employees
7.5.23
The Israeli business monitoring startup is parting ways with around 15 of 80 employees after firing 35 people last July
4.5.23
The veteran Israeli startup will part ways with around 30 employees
The Israeli company, which has developed an AI-driven shopping assistance browser extension and app, is laying off 20 of 70 employees
3.5.23
Dozens of employees will lose their jobs due to the multinational tech giant’s cutbacks
The gaming company will be parting ways with a total of 600 employees in its third round of layoffs in a year
The medtech startup is parting ways with around 70 employees despite receiving a fresh $50 million investment
27.4.23
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
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
25.4.23
New CEO Marc Friend wasted little time in implementing cutbacks after replacing founder Iddo Gino at the helm last week
24.4.23
The American cybersecurity company is reducing its global workforce by 9%, a total of 623 employees
The Israeli company, which raised $190 million at a $1.2 billion valuation last year, is parting ways with around 40 employees in total
20.4.23
The Israeli startup, which raised $90 million in a Series D in June 2022, will part ways with around 35 employees
19.4.23
This is the company’s second round of layoffs in 2023 after parting ways with 43 employees in January
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
16.4.23
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
13.4.23
The Israeli-founded company has laid off over 350 employees since last July, accounting for 25% of its workforce
26.3.23
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
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, are expected to be let go, with the total number of people being laid off estimated to be many dozens
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
1.3.23
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
26.2.23
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
22.2.23
This is the second round of layoffs at the company, which parted with several dozen employees last November
20.2.23
Fireblocks, which raised $550 million at an $8 billion valuation in January of 2022, is laying off a total of 30 employees
19.2.23
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.
15.2.23
The website building company will part with over 6% of its workforce, with most of the layoffs being made in the customer care department
13.2.23
Google's parent Alphabet announced last month that it was cutting about 12,000 jobs globally, accounting for 6% of the workforce
9.2.23
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
8.2.23
The e-commerce giant announced on Tuesday that it will lay off 500 employees globally, representing 4% of its total workforce
The company is laying off another 24 employees after parting with 25 last October
The company laid off 15 employees three months ago, but ultimately decided it required far more significant cutbacks
6.2.23
The company had raised a total of $5 million and employed around 20 people before being hit hard by the economic downturn
5.2.23
The fintech company laid off 20 of its 80 team members after parting with a similar number of employees last March
2.2.23
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”
30.1.23
The company, which develops identity verification and management automation tools, is laying off a total of 19 employees
25.1.23
888 employed around 590 people in Israel prior to the cutbacks
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
Finastra employs over 11,000 people worldwide, including 370 at its R&D center in Israel
24.1.23
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
23.1.23
Company CEO Chemi Katz said the latest cutbacks will make the startup profitable immediately
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.
15.1.23
“Unfortunately, we must make extremely painful choices in order to orient Snappy’s financial profile toward sustainable growth and profitability,” wrote CEO Hani Goldstein
11.1.23
Tipalti raised $270 million at an $8.3 valuation in December 2021
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
10.1.23
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
9.1.23
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
8.1.23
The software company, which went public on Nasdaq at a $2.5 billion valuation in June 2021, said it is cutting jobs as part of its strategic focus on enterprises
The digital ad startup, which previously acquired the likes of The Players’ Tribune and FanSided, will part with 50 employees
5.1.23
The Israeli company, which raised a $66 million Series C one year ago, is laying off 30 of its 120 employees
The Israeli firm raised $85 million from Thoma Bravo last January
The company, which develops digital thread and yarn dyeing technology, is laying off 30 employees in total
4.1.23
The software giant is expected to lay off dozens of employees in Israel as part of the cutback plan
The video creation and distribution company already laid off 10% of its team five months ago
The mechanical diagnostics platform provider, which raised $180 million in October 2021, is cutting 20 jobs
2.1.23
Despite coming off an excellent year in which its share price climbed in contrast to the rest of the tech market, Amdocs decided to begin 2023 with cutbacks
15.12
Following the decision to implement cutbacks announced two months ago, Intel told each of its global centers that they are required to reduce their expenses
11.12
Almost 30 employees were laid off after the crisis forced the six-year-old startup to cease its operations
9.12
The gaming giant is expected to lay off between 12-15% of its workforce after already firing 250 employees in May
8.12
The autotech company has lost over 95% of its value since going public via a SPAC merger at a $1.26 billion valuation
The Israeli company is laying off around 30 employees one year after raising $100 million at an $800 million valuation
The Israeli company, which raised $300 million at a $3.4 billion valuation one year ago, will be parting with 3.5% of its team
6.12
The startup, which reached a $1 billion valuation in its Series C in June, is laying off 20 of its 250 employees
5.12
The Israeli cloud security company will be laying off 65 employees in total
The financial planning and analysis platform is parting with 30 employees
“With a heavy heart we decided that we need to take a few steps back, reduce our burn to near-zero, and use the next few months to completely rethink our direction,” wrote CEO Roee Adler
1.12
Five months ago the event planning platform parted with 120 employees, meaning it has cut more than half of its team since July
22.11
The Israeli company will be laying off another 70-80 employees after parting with over 100 workers in June
Israel’s highest-valued startup, which reached a $15 billion valuation earlier this year, could lay off more than 10% of its 900 employees
17.11
The company, which raised $110 million at a $1.4 billion valuation this past March, is laying off 37 employees in total
16.11
“We have made the very difficult decision to reduce our headcount in preparation for prolonged changes in demand,” said CEO Or Offer, who believes the company can become profitable in 2023
The marketing service is cutting its workforce after significantly increasing hiring following a $230 million funding round at a $1.4 billion valuation in March 2021
The Dutch technology giant announced last month that it would be cutting 4,000 jobs worldwide
15.11
Russia’s invasion of Ukraine, two countries in which Viber has a major customer base, has significantly impacted the company’s bottom line
The cloud backup company, valued at $3.35 billion last year, is laying off over 150 employees in Israel and the U.S.
14.11
The company, which has developed a platform to manage media assets, has been bootstrapped since it was founded and announced a secondary investment of $110 million at a company valuation of $2 billion earlier this year
11.11
The technology-enabled homebuilding company is laying off around 100 employees despite taking its total funding to $600 million earlier this year
9.11
The Israeli startup, which raised $15 million six months ago to take its total funding to $81 million, is parting ways with 25
6.11
The Nasdaq-traded firm saw its share price plummet by more than a third last week following its disappointing results for the third quarter of the year
2.11
The Israeli company, acquired by American private equity firm Hellman & Friedman at a $1.15 billion valuation in March 2020, is laying off around 100 employees
31.10
The startup connects employees in high-tech companies who want to exercise their options and qualified investors who want to purchase shares of private companies before they become public
27.10
Following the layoffs, most of HP’s activity in Israel will be concentrated under Indigo, which HP acquired in 2001
26.10
This is the second round of layoffs at the company, which parted ways with around 100 employees in June
25.10
After parting ways with 30% of the team in July, the volunteering platform is cutting its workforce again and will remain with just 17 employees
The Israeli-founded company is laying off 150 of its 360 employees, half in Israel and half in the U.S. “We grew our team too fast, and we need to course correct,” said CEO Prashant Fuloria
24.10
The Israeli-founded company, which raised $530 million at an $8.5 billion valuation last year, will be laying off almost 15% of its workforce
23.10
The company, which develops a telehealth platform for the U.S. market, is cutting its Israeli R&D staff by half
Amnon Shashua and Ziv Aviram’s artificial vision startup is sacking a total of 62 employees
11.10
The chip maker, which was acquired by Intel in 2019 for $2 billion, denied the downturn in the market was behind the decision to fire around 100 employees
15.9
The Israeli startup's solution for metabolic disease aims to improve health outcomes and reduce or eliminate prescription medications
14.9
Founder and CEO of the digital advertising platform Adam Singolda sent a letter to the employees announcing the cutbacks, which include a plan to reduce costs by $38 million
12.9
The Israeli startup is parting ways with 11 of its 39 employees from its HR, marketing, and sales departments
7.9
The Israeli company has raised upwards of $100 million in three rounds led by Israeli tech entrepreneur Avigdor Willenz, Intel, and Microsoft
The Israeli company raised $100 million at a $1.4 billion valuation earlier this year
4.9
The social media giant’s activity in Israel was built around the acquisitions of AR startup Cimagine and Voca.ai, which was acquired for around $70 million in November 2020
1.9
The shares of the Israeli-founded insurtech company fell by almost 6% on Wednesday, reducing the company’s market cap to $555 million
28.8
Just a year after it went public via a SPAC merger at a value of $1.26 billion, Israeli autotech company Otonomo has seen its market cap plummet to a mere $62 million
24.8
The Israeli-founded startup raised a $100 million Series B just one year ago
21.8
The much-maligned offensive cyber company will be parting ways with around 15% of its workforce, while long-standing CEO Hulio will focus on the sale of the company, which has been under intense scrutiny since last year for the sale of its Pegasus hacking tool
14.8
The Workspace-as-a-Service platform for a hybrid work model has laid off 11 additional employees as it continues its restructuring which began following a $10 million Series A in March
9.8
The Israeli-founded video creation and distribution company is laying off 80 employees, 30 of them in Israel
This will be the second significant cost cut by the company since it announced its intention to reduce expenses earlier this year, with Wix parting with several dozen employees when it closed its subsidiary Wix Answers in June
31.7
Vee’s platform hosts a wide range of volunteering opportunities, enabling HR teams to find, coordinate, and share charity events
27.7
The Israeli company, formerly known as Kenshoo, is laying off around 30 employees, making up about 4% of its workforce
26.7
The NYSE-traded and Israeli-founded online gig marketplace will be laying off around 8% of its workforce. Fiverr shares have fallen by 66% in 2022 and by almost 90% from their peak at the start of 2021
The internet recommendation platform will be laying off around 3% of its workforce
24.7
Soluto was acquired by the U.S. company in 2013, but will be closing as part of a reorganization being taken on by Asurion
21.7
The video hosting, sharing, and services platform will be parting ways with around 70 employees in total, including about 10 of its 120 employees in Israel
20.7
The Israeli startup, which provides community insights and an analytics platform for state and local governments, will be parting ways with around 30 employees
The Israel-based maker of industrial inkjet printers for the garment industry has seen its stock fall by over 80% since the start of the year
18.7
The Israeli company will be parting ways with 30 employees eight months after raising $205 million at a $1.5 billion valuation
13.7
Fabric reached a $1 billion valuation just this past October when it raised $200 million, but will now be parting ways with a third of its staff
7.7
The company is laying off 150 employees, mostly in the U.S., explaining that “we must shift focus towards profitability”
6.7
The business monitoring company is parting ways with 35 of its 129 employees
The data analytics startup is laying off 30 of its 170 employees in order to help it reach a balanced bottom line
5.7
The event planning platform will lay off 120 of its 400 employees as it prepares for an extended downturn in business
Most of the total of around 80 layoffs will be of employees in the U.S., with 30 employees from Israel leaving the company
The trading platform is currently in advanced negotiations for a private funding round for between $800 million and $1 billion, at a $5 billion valuation
4.7
Lightricks is the latest in a growing list of unicorns to lay off employees despite having hundreds of millions of dollars in their account, joining the likes of Cybereason, Trax, and Snyk
3.7
The cybersecurity unicorn announced that it would be making organizational changes despite reaching a valuation of $8.5 billion last year and raising a total of $830 million in 2021
The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis that saw it pause all withdrawals from its platform three weeks ago
29.6
Around 60 of 250 employees are set to leave the American company, which was founded in 2012 and set up its R&D center in Israel six years later
28.6
The American company develops software-defined autonomous manufacturing lines for industry and has an R&D and operations center in Kibbutz Yakum in Israel’s Sharon region
27.6
Around 50 employees were notified on Sunday that they will be laid off after the Chinese e-commerce giant decided to shut down local development
26.6
The company, which provides engagement and monetization tools for live and VOD content creators, joins Cybereason and Trax on the list of Israeli SoftBank-backed startups making cuts
22.6
The U.S. company announced just four months ago that it plans on recruiting dozens of additional employees in the country
20.6
“We still have a lot of money in our account from last year’s funding round, but we are required to reach profitability faster than we had planned,” said Trax co-founder and Executive Chairman Joel Bar-El
15.6
The total number of staff members that will be leaving the company is estimated to be around 50-60, most of them from the marketing department
1.6
Earlier this year, Cybereason, which is backed by SoftBank's Vision Fund 2 and former U.S. Treasury Secretary Steven Mnuchin's investment firm, confidentially filed for a U.S. initial public offering that could value it at more than $5 billion
31.5
The gaming giant is looking to consolidate some of its activities and therefore decided to close its R&D centers in London and Montreal, and to transfer the activity of its Los Angeles studio to Israel and Poland
First published: 09:47, 07.07.22
