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Insight Partners hit by cyber attack with possible data leaks
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Adi Dangot Zukovsky joins Ibex Investors as partner following fund’s leadership shift
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CyberArk’s surge, Wiz and Cato prepare for IPOs: Israeli cyber firms ready for the next big move
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Riskified cuts staff as struggles continue
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Yad2 now valued at $420 million as investors line up for potential sale
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Tech Crisis 2022

20 stories about Tech Crisis 2022
מייסדי ארמיס. מימין נדיר יזרעאל ו יבגני דיברוב

Cybersecurity unicorn Armis axes 25 employees

08.12.22|Meir Orbach
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
מימין דימה פוטחין ו רוב גור-זאב CyCognito

Cybersecurity startup CyCognito cuts 15% of jobs

08.12.22|Meir Orbach
The Israeli company is laying off around 30 employees one year after raising $100 million at an $800 million valuation
בן וולקוב מייסד משותף ומנכל Otonomo

Otonomo ousts almost 50% of its remaining workforce

08.12.22|Sophie Shulman
The autotech company has lost over 95% of its value since going public via a SPAC merger at a $1.26 billion valuation
סלולארי אפליקציה ווייז וויז waze

Google merges Waze and Maps teams to cut costs

08.12.22|Reuters and CTech
Waze employs over 500 people, a significant number of which are based out of Israel. Google said it didn’t expect any layoffs as part of the reorganization
Sagi Giladi Amit Bareket Perimeter 81

Cybersecurity unicorn Perimeter 81 parts with 8% of team six months after raising $100 million

06.12.22|CTech
The startup, which reached a $1 billion valuation in its Series C in June, is laying off 20 of its 250 employees
כנס לוגיסטיטק רועי אדלר מייסד משותף ומנכ"ל Santa וידאו

Startup Santa to sack most of its employees

05.12.22|Sophie Shulman
“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
מגזין עצמאות 4.5.22 מימין דידי גורפינקל עודד הר טל ו אייל כהן מייסדי DataRails

DataRails lays off 18% of team

05.12.22|Sophie Shulman
The financial planning and analysis platform is parting with 30 employees
דרור דוידוף מנכל אקווה סקיוריטי

Cybersecurity unicorn Aqua axes 10% of workforce

05.12.22|Sophie Shulman
The Israeli cloud security company will be laying off 65 employees in total
Liat Hayun Eureka

“You can't be an entrepreneur and be too nervous about the future”

04.12.22|James Spiro
Eureka co-founder and CEO Liat Hayun has joined CTech to share what it’s like being a CEO during the turbulent tech times
צוות ביזאבו Bizzabo

Bizzabo laying off another 100 employees, cutting almost 40% of remaining workforce

01.12.22|Meir Orbach
Five months ago the event planning platform parted with 120 employees, meaning it has cut more than half of its team since July
Yaniv Roy lool Ventures

“Employee conditions will only improve” next year, says lool Ventures

29.11.22|Elihay Vidal, James Spiro
lool Ventures General Partner Yaniv Golan and Investor Roy Katzenelson joined CTech to share insights on the VC sector.
Nadav Shimoni Arkin

Arkin Holdings: “I’m actually afraid we are not at the bottom yet” of the tech crisis

27.11.22|Elihay Vidal, James Spiro
Dr. Nadav Shimoni, Managing Director of Arkin Digital Health, joined CTech for its VC Survey series to consider how 2023 will look in the investment space.
איור הייטק eyeweb

Unicorn employees paying the price for exaggerated expansion

24.11.22|Meir Orbach
Two major Israeli unicorns - Trax and Rapyd - admitted on Tuesday that they are going to lay off dozens, if not hundreds, of employees. While no unicorn currently firing workers is going to shut down, they are now dealing with the consequences of last year’s hiring hysteria
מייסדי Rapyd

Fintech unicorn Rapyd set to lay off dozens of employees

22.11.22|Meir Orbach
Israel’s highest-valued startup, which reached a $15 billion valuation earlier this year, could lay off more than 10% of its 900 employees
מימין יואל בר אל דרור פלדהיים חברת Trax טראקס טרקס

Unicorn Trax embarks on another round of layoffs, parting with 8% of workforce

22.11.22|Meir Orbach
The Israeli company will be laying off another 70-80 employees after parting with over 100 workers in June
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
שהם לוי

Firing employees and remaining a valued brand are both possible

17.11.22|Shoham Levy
Even though the industry has faced a slowdown in recent months, retaining skilled employees remains vital. However, to accomplish this objective, smart and sensitive organizational management is essential, writes Shoham Levy, CEO of Creativity Value
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
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
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