Israeli cybersecurity startup Deep Instinct laid off 46 employees, representing over 15% of its roughly 300-person workforce, in July 2023. The cuts affected 19 staff in Israel and 27 across its European and U.S. offices. The company, which had raised significant funding including a $62 million round in 2022, also shifted its hiring strategy away from Israel, focusing recruitment on Europe and the U.S. This restructuring followed a leadership change in late 2022, with co-founder Guy Caspi moving from CEO to chairman. Deep Instinct provides AI-powered threat prevention and analysis platforms.
