Israeli fraud prevention startup EverC is laying off approximately 16 employees, representing 10% of its 165-person workforce. The layoffs, which began with employee hearings on July 16, 2024, affect the company's team in Tel Aviv. Founded in 2007, EverC develops technology to detect online fraud, money laundering, and other financial crimes for e-commerce platforms and financial institutions. The company had announced plans for hiring expansion earlier in the year, making this workforce reduction a notable shift. This move reflects broader challenges within the Israeli tech and cybersecurity industry.
