Equitybee

Equitybee, an Israeli fintech startup that operates a marketplace for startup employee stock options, conducted its second round of layoffs in just over three months, cutting 25% of its workforce in February 2023. This amounted to 24 employees out of a total of approximately 100 across its Israel and U.S. operations. The company, which had previously laid off around 25 staff in October 2022, cited a challenging macroeconomic climate that forced a strategic shift to focus on a more targeted market segment in the U.S. Founded in 2018 and having raised $85 million, Equitybee is adjusting its operations amid broader market pressures affecting the tech industry.

Equitybee, an Israeli-founded startup that operates a marketplace for employees to exercise stock options with investor backing, laid off 25 employees in October 2022. This represented 20% of its then approximately 130-person workforce across Israel and the United States. The company, which had raised $85 million in venture capital, cited significant market changes as the reason for the restructuring. To streamline operations, Equitybee decided to sharpen its focus on the U.S. market and on serving employees at companies in high demand among its investor community. While maintaining its service in Israel, the layoffs were part of a strategic shift to navigate the tougher economic climate affecting the tech industry at the time.