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Layoffs

20 stories about Layoffs
מימין מנכ"ל אינטל העולמית פט גלסינגר ונשיא ומנכ"ל מובילאיי אמנון שעשוע

Mobileye still searching for light at the end of the tunnel despite layoffs

19.03.24|Sophie Shulman
The autonomous vehicle company laid off 130 people after closing its aftermarket division
מובילאיי אינטל Mobileye

Mobileye closing aftermarket division, laying off 130 employees

18.03.24|Meir Orbach
The unit that provides retrofitted advanced driver assistance technology has seen its revenues decline meaningfully to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability
נהיגה מרחוק בכלי רכב לוגיסטי שנע בתוך מחסן

Remote driving startup Phantom Auto announces closure, lays off over 100 employees

13.03.24|Meir Orbach
The company employed dozens of workers in Israel and had raised approximately $95 million to date
ד"ר נועם ברזיס וד"ר זוהר ברונפמן מייסדי Pecan

Pecan AI parts ways with a third of its workforce in second round of layoffs

12.03.24|Meir Orbach
The startup is laying off approximately 30 employees, meaning that in a little over a year it has gone from around 130 employees to about 60
חלל עבודה מתחם BE ALL

Dozens laid off after Totango and Catalyst merge

07.03.24|Meir Orbach
One week after the Israeli and American companies announced they would merge, they are initiating significant cutbacks due to an “overlap in roles and functions”
יאיר-אמסטרדם-מנכל ורביט

Verbit cutting dozens of jobs in third round of layoffs

05.03.24|Meir Orbach
The move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne
מנכ"ל מליו מתן בר וסמנכ"ל הטכנולוגיות אילן אטיאס

Fintech unicorn Melio laying off 7% of workforce

04.03.24|Meir Orbach
This is the second round of layoffs at the startup. The vast majority of the people being let go are based in Israel, with the company summoning about 40 employees from the local branch to a hearing on Monday
מימין שי באב"ד מנכ"ל שטראוס אלעד קומיסר סמנכ"ל פיתוח עסקים בקבוצת שטראוס ו יהונתן ברגר מנכ"ל חממת הקיטשן בחממת הפודטק של שטראוס

Foodtech incubator The Kitchen faces uncertain future after Strauss cuts investments

26.02.24|Nurit Kadosh
Three of the incubator’s seven employees have been laid off, while the CEO and CBO have seen their roles reduced, after Strauss decided to halt its investments
פרויקט הסטארטאפים 2019 riskified עידו גל

Riskified laying off 6% of team as growth stutters

14.02.24|CTech
The fintech company is parting ways with over 40 employees, with CEO Eido Gal explaining that despite the company’s best efforts to grow its revenue while reducing spending, it requires a faster process to reach its EBITDA targets
עובדי חברת Everybuddy Games הישראלית

Casual game developer Everybuddy enters bankruptcy after accumulating over $4 million in debt

13.02.24|Lital Dobrovitsky
The Tel Aviv District Court appointed the company a trustee to examine proposals for the sale of the company or its assets. The Israeli startup, which raised a $15 million Series A in November 2022, has just seven employees remaining after once employing over 70 people
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Full list of Israeli high-tech layoffs in 2022-23

13.02.24|CTech
The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce
רכב אוטונומי מכונית ללא נהג

Autotech startup Wisense shutting down

13.02.24|Meir Orbach
The radar developer raised a total of $37 million, but laid off most of its workforce last November before recently notifying the remaining staff that it would be closing down completely
משרד ריק הייטק עובדים נעלמים גוסטינג

Profits are at record highs, so why are tech companies laying off so many workers?

12.02.24|Omer Kabir
The technology giant Cisco is set to announce a restructuring move that will include layoffs of thousands of employees. And it is not the only one. Since the beginning of the year, 141 technology companies have laid off 34,300 employees, despite most of them displaying excellent financial results. So why are workers still being fired, even when all the data indicates that it's time to go back to hiring?
מייסדי פיירבלוקס Fireblocks מימין עידן עפרת מיכאל שאולוב פבל ברנגולץ

Blockchain unicorn Fireblocks parting with 3% of team in second round of layoffs

07.02.24|CTech
Fireblocks, which also parted ways with around 30 employees last February, said: “In the last 6 months, Fireblocks has been working to restructure our go-to-market and customer support operations in an effort to provide our customers with a more efficient and streamlined service, and to position the company for expansion into new geographies.”
Innoviz team

Innoviz cutting 13% of workforce to extend cash runway

31.01.24|Meir Orbach
The LiDAR technology developer is laying off around 60 people with the aim of reducing cash outlays by $22-24 million on an annualized basis
מנכ"ל ברקס הנריקה דבוגרס מנהל ברקס ישראל נדב לידור

Fintech unicorn Brex set to close Israel R&D center as part of global layoffs

31.01.24|CTech
The over 20 Brex employees in Israel are expected to be laid off or offered roles abroad after the company announced last week that it was cutting 20% of its global staff
ספקית אבטחת הסייבר פרופפוינט Proofpoint

Cyber vendor Proofpoint laying off 280 employees, 6% of total workforce

31.01.24|Meir Orbach
The cybersecurity company, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, will be cutting around 20 jobs in its Israel center as part of the layoffs
אבי חסון מנכל SNC סטארט אפ ניישן סנטרל

Startup Nation Central laying off around 18% of workforce as donations dry up

29.01.24|Meir Orbach
“The unprecedented events we are experiencing since October 7th have changed the priorities of Jewish philanthropy. As an organization funded solely by donations, we had to make adjustments to our activities, in view of the foreseen challenges in raising donations in 2024,” said SNC
גוגל ו יוניטי סופטוור

Tech titans start 2024 with mass layoffs, but is the worst yet to come?

25.01.24|Meir Orbach
Layoffs signal broader industry challenges, prompting fears of further job losses
מימין מייסדי Vroom אלון בלוך ו אלי וורטמן

Vroom laying off 90% of workforce, shutting down used-vehicle platform

23.01.24|Tomer Hadar
The company, which peaked at a valuation of over $8 billion in August 2020 but has seen its market cap fall to $75 million, said that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business, resulting in the layoff of 800 employees
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