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Tech Crisis 2022

20 stories about Tech Crisis 2022
מייסדי Anywell

Startup anywell reduces workforce by 50% as part of company restructure

14.08.22|Meir Orbach
The Workspace-as-a-Service platform for a hybrid work model has laid off 11 additional employees as it continues its restructuring which began following a $10 million Series A in March
Shahar Silis Power in Diversity

How long will it take for women's employment status to stop being affected by global crises?

14.08.22|Shahar Silis
“We can only hope that we will all learn from this unstable period and embrace a diverse mix of human capital,” writes Shahar Silis, Managing Director at Power in Diversity
מטה חברת Wix וויקס תל אביב

Wix announces $150 million cost-cutting plan as bragging backfires

11.08.22|Sophie Shulman
Just three months ago the company's CEO boasted on social media that the only cuts he will be making will be in the brand of alcohol at the company, but this week it already announced the laying off of 100 employees
מליו מייסדים

Fintech unicorn Melio fires 60 employees

09.08.22|Meir Orbach
The Israeli company raised $250 million at a $4 billion valuation last year, but said that due to a shift in product priorities it will be parting with 60 team members across its sales and customer success team
הנפקת קלטורה

Kaltura cuts 10% of workforce as growth stalls and takeover looms

09.08.22|Sophie Shulman
The Israeli-founded video creation and distribution company is laying off 80 employees, 30 of them in Israel
משרדי חברת Wix וויקס תל אביב

Wix laying off 100 employees

09.08.22|Meir Orbach
This will be the second significant cost cut by the company since it announced its intention to reduce expenses earlier this year, with Wix parting with several dozen employees when it closed its subsidiary Wix Answers in June
בניין בנק ישראל ירושלים גבעת רם

Current crisis not on same scale as dot-com bubble, says Bank of Israel

09.08.22|Irit Avisar
A study conducted by the central bank on the consequences of the crisis on Israeli high-tech noted that only 9% of high-tech jobs are exposed to a high risk of layoffs
אבי אמור מאי פיאמנטה גיל אמסלם VEE

Volunteering platform Vee lays off 30% of workforce

31.07.22|CTech
Vee’s platform hosts a wide range of volunteering opportunities, enabling HR teams to find, coordinate, and share charity events
סקאי/קנשו

Marketing platform Skai sacks scores of employees

27.07.22|Sophie Shulman
The Israeli company, formerly known as Kenshoo, is laying off around 30 employees, making up about 4% of its workforce
ביזאבו Bizzabo

High-tech startups hit by downrounds as crisis deepens

27.07.22|Meir Orbach
Downrounds were nowhere to be seen in Israeli high-tech during 2021, but that has changed in 2022. For example, Israel’s Bizzabo is raising at a value of $200 million, a 30% decrease in value compared to its previous round in 2020
דיויד קוסטמן מנכל שותף של אאוטבריין

Outbrain to oust 38 employees after losing 75% of its market cap in a year

26.07.22|Sophie Shulman
The internet recommendation platform will be laying off around 3% of its workforce
מיכה קאופמן מנכ"ל Fiverr

Fiverr fires 60 employees as part of a refocus on core business

26.07.22|Sophie Shulman
The NYSE-traded and Israeli-founded online gig marketplace will be laying off around 8% of its workforce. Fiverr shares have fallen by 66% in 2022 and by almost 90% from their peak at the start of 2021
מירב אורן מנהלת מרכז הפיתוח של אשוריון בישראל ו תומר דביר ממייסדי סולוטו

So long, Soluto: A worrying trend as Israel-based R&D centers fall victim to tech giant cutbacks

25.07.22|Meir Orbach
Despite going through the classic route for Israeli high-tech startups, Soluto, which was purchased by American tech giant Asurion in 2013, was unable to survive the wave of cutbacks ravaging the industry. Sadly, Soluto won't be the only Israeli company to experience such a fate
צוות סולוטו 2022

Asurion shutting down Israel R&D center Soluto, lays off all 120 employees

24.07.22|Meir Orbach
Soluto was acquired by the U.S. company in 2013, but will be closing as part of a reorganization being taken on by Asurion
עובדי vimeo וימאו

Vimeo slashes workforce by 6%, including in Israel R&D center

21.07.22|Meir Orbach
The video hosting, sharing, and services platform will be parting ways with around 70 employees in total, including about 10 of its 120 employees in Israel
ZenCity team

Zencity cuts 20% of workforce

20.07.22|Meir Orbach
The Israeli startup, which provides community insights and an analytics platform for state and local governments, will be parting ways with around 30 employees
רונן סמואל מנכ"ל קורנית דיגיטל

Kornit Digital laying off dozens of employees after share price crashes

20.07.22|Yuval Azulay
The Israel-based maker of industrial inkjet printers for the garment industry has seen its stock fall by over 80% since the start of the year
צוות Lusha

Unicorn Lusha lets go of 10% of employees

18.07.22|Meir Orbach
The Israeli company will be parting ways with 30 employees eight months after raising $205 million at a $1.5 billion valuation
Nimrod Vroman Nicole Priel Gal GItter Ariel Maislos Delia Pekelman

“With rising ego came a rising value, and soon ‘hype’ became the essence of everything in high-tech”

17.07.22|CTech
Ariel Maislos, the entrepreneur who sold Anobit to Apple for $400 million in 2012, was speaking at "The New Normal in the High-Tech Landscape" conference held at Ibex Investors’ offices
וול סטריט ירידות שערים

Coatue's secret presentation rocks high-tech with grim prediction

14.07.22|Sophie Shulman
The American investment fund outlined the depth of the crisis in a presentation prepared for its investors. Coatue cites Lemonade as an example of a "broken business model" and is expecting further drops, but recommends Tesla and Nvidia as good buys
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