Everybuddy Games, an Israeli casual mobile game developer, has entered bankruptcy with over $4 million in debt, leading to significant layoffs. The company, which once employed over 70 people, now has only seven employees remaining, indicating a reduction of approximately 90% of its workforce. This drastic downsizing follows the Tel Aviv District Court appointing a trustee in February 2024 to oversee potential asset sales. Despite raising $15 million in a Series A round in late 2022, the startup, known for its game Lucky Buddies, accumulated unsustainable debt, forcing it to seek court protection and cease most operations.
