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
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
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
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”
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
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
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
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
One year after cutting 100 jobs in the country, the American conglomerate is laying off an additional 2% of its local team
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
The gaming company is reducing its headcount by another 10% after laying off around 900 employees in 2022
The Gibraltar-based company laid off dozens of employees in Israel last January as well
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
The computer vision company that develops infrastructure for autonomous retail stores and retail analytics is cutting 30 jobs
Orca, which has raised $640 million to date and was last valued at $1.8 billion, is parting ways with around 60 employees
