Israeli AI-powered talent marketplace startup Gloat has laid off approximately 35 employees, representing 12% of its total workforce of around 300 people. The company, which operates in Israel, the U.S., India, and Singapore, announced the cuts in April 2023, citing challenging market and economic conditions over the past year. Gloat, which had raised $90 million in a Series D round in June 2022, stated the move was a responsible action taken out of commitment to its mission and customers. The company provides a workforce agility platform used by major global enterprises.
