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Layoffs

20 stories about Layoffs

Up to 19 months of pay: What Intel is offering employees for early retirement

07.08.24|CTech

Employees with five years of service will receive four months' salary, those with over 10 years will be entitled to 10 months' salary, and employees with more than 30 years of service will receive 19 months' salary upon retirement.

Intel laying off more than 15% of workforce, cutting costs by $10 billion

02.08.24|Omer Kabir

The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.

Intel’s mass layoffs: A desperate move that might not be enough

01.08.24|Omer Kabir

Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.

Intel to layoff thousands of employees in latest round of cutbacks

31.07.24|Omer Kabir

According to a Bloomberg report, the chip company could present the plan as early as this week.

OrCam closing glasses department, cutting dozens of jobs in third round of layoffs this year

28.07.24|Meir Orbach and Sophie Shulman

The Israeli startup has decided to focus on its Hear division after the technological progress in image processing by language models has made its Low Vision products largely redundant.

Amdocs set to cut 1,500-3,000 jobs in new round of layoffs

18.07.24|Meir Orbach

The software giant is expected to lay off between 5%-10% of its global workforce

Power failure: Has SolarEdge's crisis made it a takeover target?

18.07.24|Adiel Eithan Mustaki

The company's value collapsed from $20 billion to $1.6 billion in about two years, making it a potential acquisition target. SolarEdge, which has no controlling owner, announced layoffs of 400 employees, half of them in Israel, causing its stock to continue to fall.

EverC laying off 10% of team

17.07.24|Meir Orbach

The company, which develops technology to prevent online fraud, is cutting around 16 of 165 jobs.

מייסדי אקווה סקיוריטי מימין דרור דוידוף ו אמיר ג'רבי CTO

Cyber unicorn Aqua axes 10% of workforce

17.07.24|Meir Orbach

Aqua, which raised $60 million at a $1 billion valuation earlier this year, is laying off around 50 employees.

SolarEdge cutting 400 jobs in second round of layoffs in six months

15.07.24|Adiel Eithan Mustaki

The struggling renewable energy company laid off 900 workers in January, approximately 16% of its workforce. The latest cutbacks will see SolarEdge part ways with around 8.5% of its remaining team.

Will another round of layoffs halt SolarEdge's downward spiral?

14.07.24|Adiel Eithan Mustaki and Amir Perger

The renewable energy company, which laid off about 900 workers in January, is expected to announce the layoffs of hundreds more employees in the coming week. SolarEdge, which traded at a record value of about $20 billion two years ago and was the first Israeli company in the S&P 500, has since lost almost 90% of its value.

SolarEdge set to cut hundreds of jobs in second round of layoffs in six months

12.07.24|Adiel Eithan Mustaki

After seeing its market cap fall by 89% over the past year, the renewable energy company is embarking on another round of cutbacks

CyberProof laying off over 7% of workforce

10.07.24|Meir Orbach

The UST subsidiary is parting ways with 20 of 85 employees in Israel as part of the global cutbacks

AI adoption is happening and tech employees are paying the price

05.07.24|Sophie Shulman

Recent layoffs at Sightful and Lightricks are part of a larger industry shift towards AI. Tech companies need to prepare for the inevitable changes AI will bring.

Unicorn Lightricks cutting 12% of workforce in second round of layoffs

01.07.24|Omer Kabir

The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises

AR laptop developer Sightful laying off a third of its employees

01.07.24|Sophie Shulman

After raising over $60 million, and a month after unveiling the Spacetop G1, the Israeli startup is parting ways with 20 of around 60 employees, announcing that it is shifting its focus from hardware distribution to software distribution

Google shutting down biotech company’s R&D centers in Israel

29.06.24|CTech

Verily was launched in Israel in August 2021, but its approximately 30 remaining employees, based in Tel Aviv and Haifa, are being laid off following Alphabet's decision to concentrate all R&D activity in the U.S.

eBay to lay off dozens of employees in Israel amid global restructuring

26.06.24|Meir Orbach

This is the third round of layoffs for the company in Israel and the fourth worldwide, with one round previously bypassing Israel. In the previous round, an estimated 30 employees were fired

Perion embarks on layoffs after revenue takes hit

25.06.24|Sophie Shulman

The software company is eliminating 35 jobs to cut costs following Microsoft’s decision to change its advertising rules on Bing

Fintech company Bluevine laying off 12% of Israeli workforce

20.06.24|CTech

“Israel remains and will continue to serve as Bluevine's R&D center,” the company said in response

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