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Tech Crisis 2022

20 stories about Tech Crisis 2022

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
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
ביזאבו Bizzabo

Downrounds are on the rise as high-tech crisis deepens

30.10.22|Meir Orbach
In the first half of 2022, only 90% of the startups raised investments at a value higher than their previous round, compared to 96% in 2021
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
מייסדי סייבריזן Cybereason מימין יוסי נער ליאור דיב ו יונתן שטרים עמית

Cyber unicorn Cybereason sacks 200 employees, 17% of workforce

26.10.22|Meir Orbach
This is the second round of layoffs at the company, which parted ways with around 100 employees in June
אבי אמור מאי פיאמנטה גיל אמסלם VEE

Vee continues cutbacks, laying off 50% of remaining employees

25.10.22|Meir Orbach
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
Fundbox Team

Fintech unicorn Fundbox fires 40% of workforce

25.10.22|Meir Orbach
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
מייסדי Snyk סניק אסף חפץ דני גרנדר ו גיא פודחרני

Cyber unicorn Snyk to sack 198 employees, 14% of workforce

24.10.22|Meir Orbach
The Israeli-founded company raised $530 million at an $8.5 billion valuation last year
מייסדים Antidote

Antidote axes a third of its employees

23.10.22|Meir Orbach
The company, which develops a telehealth platform for the U.S. market, is cutting its Israeli R&D staff by half
מימין מייסדי מובילאיי ו אורקם אמנון שעשוע ו זיו אבירם

OrCam lays off 16% of workforce

23.10.22|Meir Orbach
Amnon Shashua and Ziv Aviram’s artificial vision startup is sacking a total of 62 employees
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