Full list of Israeli high-tech layoffs in 2024
10.12.24
Bluevine cuts 100 jobs in second round of layoffs in six months
The fintech company is reducing its global workforce by 18%, including laying off 30 employees in Israel
3.12.24
Skai laying off 80 employees as company refocuses strategy
In 2022, the company had already reduced its workforce as part of a merger with Signals Analytics. Before the latest layoffs, Skai employed about 550 people
26.11.24
Amazon cuts 50 jobs in Israel as it winds down Ad Server operations
The global advertising unit closure is part of a wider restructuring effort
20.11.24
Salesforce to slash jobs at Own after $1.9B acquisition finalized
Post-merger workforce reductions leave employees bracing for change
4.11.24
Incredibuild acquires German startup Garden in $65M deal, but trims staff by 11%
The German startup’s open-source tools help developers to speed up CI pipelines, increasing deployment frequency and shortening development cycles. At the same time, Incredibuild began the process of laying off 18 employees
3.11.24
Atera lays off 6% of employees in workforce restructure
Israeli IT management platform firm cuts 20 jobs amid efficiency improvements, pledges support packages and new hires in growth areas
24.9.24
Imaging sensor unicorn Vayyar laying off dozens of employees as cash burn forces strategic shift
After raising $300M, the 3D sensor company narrows focus to core markets in a bid for sustainability
22.9.24
Healthy.io lays off another 30% of team in second major restructuring
The Israeli healthtech firm is cutting 40 jobs after parting ways with 70 employees last year
9.9.24
Mobileye drops lidar development, axes 100 jobs to save $60M
Cost-saving measures and evolving technologies force the autonomous leader to rethink sensor strategies
One Zero embarks on further layoffs as Generali halts Italian digital bank launch
One Zero lost around $170 million between 2022 and 2023 due to establishment costs as well as ongoing expenses such as salaries and marketing. The bank still expects to reach profitability by the end of 2025
29.8.24
Stratasys to lay off 15% of workforce as part of $40M cost-cutting plan
Around 300 employees are set to leave the Israeli 3D printer manufacturer
20.8.24
GM lays off dozens in Israel as part of worldwide job cuts
The layoffs affect GM's critical software and services sectors, with a global impact
19.8.24
Proptech startup Localize shuts down US operations amid real estate crisis
The volume of real estate transactions in the US has decreased significantly in the last two years, leading to a reduction in the company's activities that provide data tools for apartment buyers and agents. However, sister company Madlan's activities in Israel will continue as usual
15.8.24
Chip company Inuitive laying off 20% of workforce as CEO retires
Inuitive, which focuses on 3D imaging, has raised approximately $200 million to date
13.8.24
Healthtech startup DayTwo shuts down
Once one of the most promising medical startups in Israel, DayTwo raised $85 million in total, but failed to navigate market challenges
28.7.24
OrCam closing glasses department, cutting dozens of jobs in third round of layoffs this year
The Israeli startup has decided to focus on its Hear division after the technological progress in image processing by language models has made its Low Vision products largely redundant
18.7.24
Amdocs set to cut 1,500-3,000 jobs in new round of layoffs
The software giant is expected to lay off between 5%-10% of its global workforce
17.7.24
Cyber unicorn Aqua axes 10% of workforce
Aqua, which raised $60 million at a $1 billion valuation earlier this year, is laying off around 50 employees
The company, which develops technology to prevent online fraud, is cutting around 16 of 165 jobs
15.7.24
SolarEdge cutting 400 jobs in second round of layoffs in six months
The struggling renewable energy company laid off 900 workers in January, approximately 16% of its workforce. The latest cutbacks will see SolarEdge part ways with around 8.5% of its remaining team
10.7.24
CyberProof laying off over 7% of workforce
The UST subsidiary is parting ways with 20 of 85 employees in Israel as part of the global cutbacks
1.7.24
AR laptop developer Sightful laying off a third of its employees
After raising over $60 million, and a month after unveiling the Spacetop G1, the Israeli startup is parting ways with 20 of around 60 employees, announcing that it is shifting its focus from hardware distribution to software distribution
Unicorn Lightricks cutting 12% of workforce in second round of layoffs
The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises
29.6.24
Google shutting down biotech company’s R&D centers in Israel.
Verily was launched in Israel in August 2021, but its approximately 30 remaining employees, based in Tel Aviv and Haifa, are being laid off following Google's decision to concentrate all R&D activity in the U.S.
26.6.24
eBay to lay off dozens of employees in Israel amid global restructuring
This is the third round of layoffs for the company in Israel and the fourth worldwide, with one round previously bypassing Israel. In the previous round, an estimated 30 employees were fired
25.6.24
Perion embarks on layoffs after revenue takes hit
The software company is eliminating 35 jobs to cut costs following Microsoft’s decision to change its advertising rules on Bing
20.6.24
Fintech company Bluevine laying off 12% of Israeli workforce
“Israel remains and will continue to serve as Bluevine's R&D center,” the company said in response
19.6.24
Fintech unicorn Unit lays off 15% of workforce
“For now, we need to focus on efficiency and account for slower than expected revenue growth,” wrote the founders of the startup, which raised $100 million in a Series C round at a $1.2 billion valuation in May 2022. Around 25 employees are estimated to be affected by the cutbacks
Intel’s Moovit cutting 10% of staff
Around 20 employees are being let go by the company, which was acquired for $1 billion four years ago
18.6.24
The fintech unicorn is cutting 30 positions in Israel and is moving them abroad due to the desire to cut costs
5.6.24
Fintech company Pagaya cutting around 20% of workforce in second round of layoffs
The Nasdaq-traded firm is laying off 100 employees in total and is continuing to reduce its presence in Israel
Cultivated meat startup Aleph Farms lays off 30% of staff
The difficulty in securing significant investment over the past year, coupled with a marked decrease in investor interest in alternative protein and cultivated meat, led to the layoffs
3.6.24
OrCam cuts almost half of workforce in second round of layoffs in four months
Amnon Shashua’s startup is laying off 100 employees, primarily in marketing and sales, four months after cutting 50 jobs
29.5.24
Walnut cuts 20% of workforce in another round of layoffs
The Israeli startup’s team has been reduced by around 50% since it started cutting jobs last year
27.5.24
Bright Machines closing Israel R&D center
The robotics company has gradually cut its team in Israel over recent years and is now shutting its center down completely
12.5.24
Medical device giant Medtronic laying off 3% of Israeli workforce as part of global cutbacks
The majority of the employees being laid off in Israel will be from Mazor Robotics, which Medtronic acquired in 2018 for $1.6 billion
9.5.24
Blood testing startup Sight Diagnostics lays off 30% of team
Sight Diagnostics, which has raised a total of $124 million to date, is parting ways with around 40 employees
30.4.24
Fintech startup RiseUp, that helps customers control expenses, cuts 50% of workforce
The company, which is reducing its staff by around 50 people, offers a technology-based solution that helps customers control their expenses and save money
11.4.24
Retail tech startup Fabric firing 15% of workforce in second round of layoffs
After cutting 150 jobs in July 2022, the Israeli company is planning to lay off another 30 employees
1.4.24
Cyber startup Identiq to lay off almost half of its workforce
The Israeli company, which raised a $47 million Series A three years ago, is cutting around 20 of 45 jobs
20.3.24
Cybereason crisis continues with dozens of jobs to be cut in third round of layoffs
After being on the verge of an IPO in 2021, Cybereason has since seen its CEO resign, hundreds of employees get laid off, all while experiencing a 90% drop in value from $3 billion to $300 million
19.3.24
Orbotech laying off over 100 employees after closing flat panel display division
The Israeli company is a subsidiary of KLA Corporation after being acquired for $3.4 billion five years ago
18.3.24
Mobileye closing aftermarket division, laying off 130 employees
The unit that provides retrofitted advanced driver assistance technology has seen its revenues decline meaningfully over recent years to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability
13.3.24
Remote driving startup Phantom Auto announces closure, lays off over 100 employees
The company employed dozens of workers in Israel and had raised approximately $95 million to date
12.3.24
Pecan AI parts ways with a third of its workforce in second round of layoffs
The startup is laying off approximately 30 employees, meaning that in a little over a year it has gone from around 130 employees to about 60
7.3.24
Dozens laid off after Totango and Catalyst merge
One week after the Israeli and American companies announced they would merge, they are initiating significant cutbacks due to an “overlap in roles and functions”
5.3.24
Verbit cutting dozens of jobs in third round of layoffs
The move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne
4.3.24
Fintech unicorn Melio laying off 7% of workforce
This is the second round of layoffs at the startup. The vast majority of the people being let go are based in Israel, with the company summoning about 40 employees from the local branch to a hearing on Monday
14.2.24
Riskified laying off 6% of team as growth stutters
The fintech company is parting ways with over 40 employees, with CEO Eido Gal explaining that despite the company’s best efforts to grow its revenue while reducing spending, it requires a faster process to reach its EBITDA targets
13.2.24
Autotech startup Wisense shutting down
The radar developer raised a total of $37 million, but laid off most of its workforce last November before recently notifying the remaining staff that it would be closing down completely
Casual game developer Everybuddy enters bankruptcy after accumulating over $4 million in debt
The Tel Aviv District Court appointed the company a trustee to examine proposals for the sale of the company or its assets. The Israeli startup, which raised a $15 million Series A in November 2022, has just seven employees remaining after once employing over 70 people
7.2.24
Blockchain unicorn Fireblocks parting with 3% of team in second round of layoffs
Fireblocks, which also parted ways with around 30 employees last February, said: “In the last 6 months, Fireblocks has been working to restructure our go-to-market and customer support operations in an effort to provide our customers with a more efficient and streamlined service, and to position the company for expansion into new geographies”
31.1.24
Cyber vendor Proofpoint laying off 280 employees, 8% of total workforce
The cybersecurity company, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, will be cutting around 20 jobs in its Israel center as part of the layoffs
Fintech unicorn Brex set to close Israel R&D center as part of global layoffs
The over 20 Brex employees in Israel are expected to be laid off or offered roles abroad after the company announced last week that it was cutting 20% of its global staff
Innoviz cutting 13% of workforce to extend cash runway
The LiDAR technology developer is laying off around 60 people with the aim of reducing cash outlays by $22-24 million on an annualized basis
21.1.24
SolarEdge to embark on massive layoffs, cutting 900 jobs amid sharp drop in revenue
The renewable energy company, which has seen its valuation fall by 80%, is expecting its revenues in the fourth quarter of 2023 to be 55% lower than the third quarter, which were themselves 27% less than the second quarter
HP Indigo firing 50 employees in Israel in another round of layoffs
One year after cutting 100 jobs in the country, the American conglomerate is laying off an additional 2% of its local team
11.1.24
Sisense has seen its team shrink by half since 2022, with 60 jobs now set to be cut after 100 employees were let go last July
Playtika cutting 300-400 jobs in new round of layoffs
The gaming company is reducing its headcount by another 10% after laying off around 900 employees in 2022
Gambling group 888 cuts dozens of jobs in Israel as part of global layoffs
The Gibraltar-based company laid off dozens of employees in Israel last January as well
9.1.24
Unity laying off another 25% of workforce
Unity Israel, formerly ironSource, is set to cut dozens of jobs as part of the layoffs. This is the fourth round of layoffs the company has conducted since July 2022
4.1.24
Frictionless retail startup Trigo laying off 15% of team
The computer vision company that develops infrastructure for autonomous retail stores and retail analytics is cutting 30 jobs
3.1.24
Cyber unicorn Orca Security laying off 15% of workforce
Orca, which has raised $640 million to date and was last valued at $1.8 billion, is parting ways with around 60 employees
Full list of Israeli high-tech layoffs in 2022-2023
