Israeli cloud security startup Ermetic laid off 30 employees on January 23, 2023, representing 17% of its workforce. The cuts, part of a restructuring to focus on core technological development amid market challenges, affected marketing, sales, and HR departments, with no R&D staff impacted. A third of the laid-off employees were based in Israel. Ermetic, which had raised $100 million in total funding, operates in the cybersecurity industry, providing multi-cloud protection for enterprise customers.
