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Layoffs

20 stories about Layoffs
אלכס קאייל מנהל קרן סיילספורס

Salesforce Ventures: "Firing people is very emotionally difficult, but a good CEO needs to do what's right for the next 10 years"

20.11.22|Sophie Shulman
"We are in the midst of a once-in-a-generation change and I cannot be more optimistic about Israel in this context," added SVP and Managing Partner Alex Kayyal, with Salesforce Ventures investing $500 million in 32 Israeli companies to date
גיל מנדלזיס מייסד מנכ"ל קפיטוליס

Fintech unicorn Capitolis cuts almost 25% of workforce

17.11.22|Meir Orbach
The company, which raised $110 million at a $1.4 billion valuation this past March, is laying off 37 employees in total
משרדי פיליפס ורשה פולין

Philips Israel laying off dozens of employees as part of global cutbacks

16.11.22|Meir Orbach
The Dutch technology giant announced last month that it would be cutting 4,000 jobs worldwide
מנכ"לים מסותפים יוטפו מימין תומר תגרין עומרי כהן

Unicorn Yotpo lays off 70 employees, 9% of team

16.11.22|Meir Orbach
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
מגזין עצמאות 4.5.22 בכירי ריסקיפייד פותחים את המסחר בניו יורק

The secret behind the surprise success of Monday, Fiverr and Riskified

16.11.22|Sophie Shulman
Israeli-founded SaaS companies published extremely positive results for the third quarter of the year, but they should not necessarily be seen as a signal for continued improvement in 2023
הנפקת סימילרווב בשבוע שעבר

Similarweb sacks 130 employees, 10% of workforce

16.11.22|Sophie Shulman
“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

Messaging app Rakuten Viber lays off 45 employees, 8% of team

15.11.22|Meir Orbach
This is the first time the company is implementing significant cutbacks since it was founded 12 years ago
סם גוטמן מנכ"ל OwnBackup

Unicorn OwnBackup ousts 17% of workforce

15.11.22|Meir Orbach
The cloud backup company, valued at $3.35 billion last year, is laying off over 170 employees in Israel and the U.S.
טל לב עמי איתי לחן נדב סופרמן Cloudinary

Unicorn Cloudinary cuts 8% of workforce

14.11.22|Meir Orbach
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
מוסף שבועי 10.11.22 תמונת שער יוניקורן

High-tech industry coming to terms with sobering reality

14.11.22|Roni Dori
With employees being fired, recruitment coming to a grinding halt, and traveling and parties being canceled, there seems to be little doubt that the age of abundance and excess in high-tech is over
עמי אברהמי עמית הלר Veev

Proptech startup Veev cuts 30% of jobs eight months after raising $400 million

11.11.22|Meir Orbach
The technology-enabled homebuilding company is laying off around 100 employees despite taking its total funding to $600 million earlier this year
מנכ"ל מטא מארק צוקרברג

Meta layoffs have global effect, including in Israel

09.11.22|Meir Orbach and Reuters
Mark Zuckerberg announced on Wednesday that the company will cut 11,000 jobs, and Meta Israel will also be affected
חמי כץ מנכ"ל נמוגו namogoo

Namogoo lays off 15% of workforce

09.11.22|Meir Orbach
The Israeli startup, which raised $15 million six months ago to take its total funding to $81 million, is parting ways with 25 employees
מרק צוקרברג מנכ"ל מטא

Meta layoffs: Employees paying the price for excessive growth

08.11.22|Omer Kabir
The huge layoffs planned by Meta this week, which will include thousands of employees, may also reach its centers in Israel. The technology companies that experienced tremendous growth during the pandemic are now paying the price for inflating their organizations, and the big test awaits them at the end of the year
Toyga office

Toyga places all 110 of its Israeli employees on unpaid leave

08.11.22|Meir Orbach
The financial services company said it was taking the latest cutback measure due to an upcoming merger. Toyga laid off 50 employees six months ago
חלל עבודה של WeWork בתל אביב ישראל

Survey: One in three Israeli startups has laid off employees in 2022

06.11.22|Maayan Manela
New data shows half of the startups have frozen hirings, while workers seek stable companies, but won’t lower salary expectations. How can the storm be weathered?
בניין חברת ורוניס בהרצליה פיתוח

Varonis lays off 110 employees, downsizes R&D staff

06.11.22|Sophie Shulman
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
CHECKMARX צ'קמרקס מימין מתי סימן מנהל טכנולוגיות עמנואל בן זקן מנכ"ל

Cybersecurity unicorn Checkmarx cuts 10% of workforce

02.11.22|Meir Orbach
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
מייסדי EquityBee אקוויטיבי מימין מודי רדשקוביץ אורן ברזילי עודד גולן,

Equitybee lays off 20% of workforce, stinging employees

31.10.22|Meir Orbach
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
משרדי HP סאיטקס נתניה

HP lays off 60 employees in Israel

27.10.22|Meir Orbach
Following the layoffs, most of HP’s activity in Israel will be concentrated under Indigo, which HP acquired in 2001
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