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Tech Crisis 2022

20 stories about Tech Crisis 2022
מגדל עזריאלי שרונה תל אביב

Investments in Israeli tech down 30% in first three quarters of 2022

23.10.22|Meir Orbach
In the first nine months of the year, Israeli tech companies raised $12.3 billion, 30% less than in the first three quarters of last year, but still the second-largest amount ever in this period
מטה מיקרוסופט אוריג'ינל

Microsoft makes further cuts after growth slowdown

18.10.22|CTech
The software giant has laid off hundreds of employees due to the worsening economic climate. The latest layoffs aren't expected to impact the company's Israeli employees
וול סטריט ניו יורק

2022 crisis has a long way to go until it reaches 2008 levels

13.10.22|Sophie Shulman
There is a sense of the perfect storm brewing this week with the publication of important macro data, including the rate of inflation in the U.S., and the beginning of the financial report season that will reveal the real state of the economy and consumer mood
מתחם BE ALL חלל עבודה הייטק

Investment in Israeli startups plummeted by 36% in third quarter

13.10.22|Sophie Shulman
The drop in funding year-on-year was over 50%, with a sharp increase being registered in extension rounds by companies aiming to avoid downrounds
אינטל

Intel reportedly plans to cut thousands of jobs as early as this month

12.10.22|Reuters and CTech
According to Bloomberg News, the giant chipmaker is planning to cut costs in the face of a slowdown in the personal computer market. Intel-owned Israeli artificial intelligence chip developer Habana Labs announced on Tuesday that it was laying off around 100 employees
שבב Greco של אינטל הבאנה לאבס

Intel's Habana Labs lays off 10% of workforce

11.10.22|Raphael Kahan
The decision comes as Intel is reportedly planning a major reduction in headcount, likely numbering in the thousands
Dan Dor IBI Tech Fund

“In most cases, a $25m Seed is too high. It doesn’t make sense.”

02.10.22|James Spiro
IBI Tech Fund’s Dan Aks and Dor Lee-Lo have joined CTech to discuss the current climate of the tech industry
יואל בר אל יור ומייסד Trax

“There was a correction, but no one should be shedding tears for anyone in high-tech”

28.09.22|Maayan Manela
Retail analytics company Trax raised a $640 million Series E last year but still ended up laying off over 100 employees three months ago. Co-founder Joel Bar-El explains why
דייב הנדרסון, מנכ"ל חדש של DayTwo

Healthtech startup DayTwo laying off dozens of employees

15.09.22|Meir Orbach
The Israeli startup's solution for metabolic disease aims to improve health outcomes and reduce or eliminate prescription medications
Daniel Damboritz Yigal Arnon

Is there any real justification for the current gloomy tech market?

15.09.22|Daniel Damboritz
“Innovation is not going to stop. It might be slowing down a little, but no one can imagine a world without these technological advancements,” writes Daniel Damboritz, High Tech Partner at Yigal Arnon - Tadmor Levy law firm
אדם סינגולדה מייסד מנכ"ל טאבולה

Taboola laying off 6% of workforce, a total of over 100 employees

13.09.22|Sophie Shulman and Meir Orbach
Founder and CEO of the digital advertising platform Adam Singolda sent a letter to the employees announcing the cutbacks, which include a plan to reduce costs by $38 million
יוני וסרמן ועמית רפופורט קומפיט

Compete cuts a quarter of its workforce six months after raising $15 million

12.09.22|CTech
The Israeli startup is parting ways with 11 of its 39 employees from its HR, marketing, and sales departments
כנס שוק ההון בראי ההייטק הישראלי איל וולדמן מייסד מלאנוקס

Eyal Waldman: "The crisis in high-tech will take a long time to pass - more than one or two quarters"

09.09.22|Meir Orbach
The founder of Mellanox added that "inflation will eat up the profits and people have not experienced this for a long time. It makes people lose money and they are not aware of it"
Firebolt Eldad _alt Saar

Cloud data unicorn Firebolt fires dozens of employees

07.09.22|Meir Orbach
The Israeli company raised $100 million at a $1.4 billion valuation earlier this year
אביגדור וילנץ מייסד ויו"ר הבאנה לאבס

Chip startup Xsight Labs axing dozens of employees

07.09.22|Meir Orbach
The Israeli company has raised upwards of $100 million in three rounds led by Israeli tech entrepreneur Avigdor Willenz, Intel, and Microsoft
אפליקציה סנאפ Snap

Snap sacks dozens of employees in Israel, to close Herzliya R&D center

04.09.22|Meir Orbach
The social media giant’s activity in Israel was built around the acquisitions of AR startup Cimagine and Voca.ai, which was acquired for around $70 million in November 2020
הנפקת היפו Hippo בורסה ניו יורק

Hippo Insurance lays off 70 employees, cutting 10% of workforce

01.09.22|CTech
The shares of the Israeli-founded insurtech company fell by almost 6% on Wednesday, reducing the company’s market cap to $555 million
עמי אברהמי עמית הלר Veev

Real estate platform Reali shutting down operations

24.08.22|Meir Orbach
The Israeli-founded startup raised a $100 million Series B just one year ago
New York Skyline ניו יורק

Report: 85% of American businesses will implement a ‘hiring freeze’ amid ongoing economic downturn

22.08.22|James Spiro
A majority of businesses say they will instead rely on freelance talent to fill in the gaps in their workforce
שלו חוליו על רקע משרדי NSO במושב ספיר

NSO lays off 100 employees, CEO Shalev Hulio to step down

21.08.22|Meir Orbach
The much-maligned offensive cyber company will be parting ways with around 15% of its workforce, while long-standing CEO Hulio will focus on the sale of the company, which has been under intense scrutiny since last year for the sale of its Pegasus hacking tool
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