Full list of Israeli high-tech layoffs in 2024

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 Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months 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