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Full list of Israeli high-tech layoffs in 2022

Full list of Israeli high-tech layoffs in 2022

The financial crisis is taking its toll on Israeli high-tech, with numerous companies parting ways with significant portions of their workforce

CTech | 12:01  16.08.2022


Empty high-tech office. Empty high-tech office. Empty high-tech office.

14.8

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

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

9.8

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

The Israeli-founded video creation and distribution company is laying off 80 employees, 30 of them in Israel

Wix laying off 100 employees

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

31.7

Volunteering platform Vee lays off 30% of workforce

Vee’s platform hosts a wide range of volunteering opportunities, enabling HR teams to find, coordinate, and share charity events

27.7

Marketing platform Skai sacks scores of employees

The Israeli company, formerly known as Kenshoo, is laying off around 30 employees, making up about 4% of its workforce

26.7

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

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

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

The internet recommendation platform will be laying off around 3% of its workforce

24.7

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

Soluto was acquired by the U.S. company in 2013, but will be closing as part of a reorganization being taken on by Asurion

21.7

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

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

Vimeo employees. Vimeo employees. Vimeo employees.

20.7

Zencity cuts 20% of workforce

The Israeli startup, which provides community insights and an analytics platform for state and local governments, will be parting ways with around 30 employees

Kornit Digital laying off dozens of employees after share price crashes

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

18.7

Unicorn Lusha lets go of 10% of employees

The Israeli company will be parting ways with 30 employees eight months after raising $205 million at a $1.5 billion valuation

13.7

Retail technology unicorn Fabric laying off over 120 employees

Fabric reached a $1 billion valuation just this past October when it raised $200 million, but will now be parting ways with a third of its staff

Next Insurance. Next Insurance. Next Insurance.

7.7

Insurtech unicorn Next Insurance nixes 17% of workforce

The company is laying off 150 employees, mostly in the U.S., explaining that “we must shift focus towards profitability”

6.7

Anodot lays off more than a quarter of its workforce

The business monitoring company is parting ways with 35 of its 129 employees

SQream slashes over 15% of workforce

The data analytics startup is laying off 30 of its 170 employees in order to help it reach a balanced bottom line

5.7

Bizzabo axes almost 30% of employees

The event planning platform will lay off 120 of its 400 employees as it prepares for an extended downturn in business

Bizzabo founders. Photo: Courtesy Bizzabo founders. Photo: Courtesy Bizzabo founders. Photo: Courtesy

Verbit to layoff 10% of its workforce, eight months after $250 million funding round

Most of the total of around 80 layoffs will be of employees in the U.S., with 30 employees from Israel leaving the company

eToro laying off 100 employees, officially announces termination of SPAC

The trading platform is currently in advanced negotiations for a private funding round for between $800 million and $1 billion, at a $5 billion valuation

4.7

Unicorn cutbacks: Lightricks to lay off 80 employees - 12% of workforce

Lightricks is the latest in a growing list of unicorns to lay off employees despite having hundreds of millions of dollars in their account, joining the likes of Cybereason, Trax, and Snyk

3.7

Snyk laying off 30 employees less than a year after raising $530 million

The cybersecurity unicorn announced that it would be making organizational changes despite reaching a valuation of $8.5 billion last year and raising a total of $830 million in 2021

Snyk founders. Snyk founders. Snyk founders.

Ailing crypto lender Celsius to lay off a quarter of its employees

The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis that saw it pause all withdrawals from its platform three weeks ago

29.6

Parallel Wireless set to lay off a quarter of its employees in Israel

Around 60 of 250 employees are set to leave the American company, which was founded in 2012 and set up its R&D center in Israel six years later

28.6

Bright Machines lays off 30 employees in Israel

The American company develops software-defined autonomous manufacturing lines for industry and has an R&D and operations center in Kibbutz Yakum in Israel’s Sharon region

27.6

Alibaba closes R&D center in Israel, lays off entire staff

Around 50 employees were notified on Sunday that they will be laid off after the Chinese e-commerce giant decided to shut down local development

StreamElements team. StreamElements team. StreamElements team.

26.6

StreamElements to lay off 20% of employees less than a year after raising $100 million led by SoftBank

The company, which provides engagement and monetization tools for live and VOD content creators, joins Cybereason and Trax on the list of Israeli SoftBank-backed startups making cuts

22.6

Airspan laying off 35 employees in Israel

The U.S. company announced just four months ago that it plans on recruiting dozens of additional employees in the country

20.6

Retail analytics unicorn Trax to lay off over 100 employees

“We still have a lot of money in our account from last year’s funding round, but we are required to reach profitability faster than we had planned,” said Trax co-founder and Executive Chairman Joel Bar-El

Elementor founders. Elementor founders. Elementor founders.

15.6

Elementor laying off dozens of employees

The total number of staff members that will be leaving the company is estimated to be around 50-60, most of them from the marketing department

1.6

Cybereason laying off 100 employees in Israel, U.S. and Europe

Earlier this year, Cybereason, which is backed by SoftBank's Vision Fund 2 and former U.S. Treasury Secretary Steven Mnuchin's investment firm, confidentially filed for a U.S. initial public offering that could value it at more than $5 billion

31.5

Playtika to lay off 250 employees in North America and Europe

The gaming giant is looking to consolidate some of its activities and therefore decided to close its R&D centers in London and Montreal, and to transfer the activity of its Los Angeles studio to Israel and Poland

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