Incredibuild

In November 2024, Israeli software acceleration company Incredibuild laid off 18 employees, representing about 11% of its workforce, as part of its $65 million acquisition of German startup Garden. The layoffs, which affected staff in Israel, were described as a strategic move to adapt the company's capabilities and market strategy following the acquisition. Concurrently, Incredibuild is hiring for the newly acquired Garden team. The company, which operates globally in the tech industry and had about 150 employees prior to this round, aims to integrate Garden's technology to significantly speed up development and CI pipelines for its customers. This follows a previous round of layoffs at the end of 2023.

In December 2023, Israeli software development startup Incredibuild laid off approximately 40 employees, representing 20% of its then 215-person workforce. The company, which had raised $35 million in a Series B round in 2022, cited the dramatic decline in the software industry and challenging global macroeconomic conditions as reasons for the restructuring. This efficiency move aimed to ensure long-term growth and support the company's 2024 strategy, focusing on technological innovations to accelerate customer software development and expansion into new markets.