Sisense

Business intelligence unicorn Sisense has laid off approximately 60 employees, representing about 13% of its remaining workforce, in its second round of job cuts within six months. This follows a previous layoff of 100 employees in July 2023. Since 2022, the company's total headcount has been halved from around 800 to about 400 employees. The layoffs, announced in January 2024, are part of a broader restructuring that has included executive departures, a hiring freeze, and several shifts in business strategy, including a renewed focus on integrating analytics tools into other enterprise software. Despite reporting $150 million in annual recurring revenue, the established AI and data analytics firm continues to streamline operations amid market challenges.

Software unicorn Sisense has laid off 100 employees, constituting approximately 15% of its workforce, in July 2023. This significant reduction impacts all departments, including its Israeli headquarters. The layoffs are part of a series of challenges for the company, following executive departures, previous smaller-scale job cuts, a hiring freeze, and a recent CEO transition. Founded in 2004 and valued at over $1 billion, Sisense operates in the business analytics software industry and has undergone several strategic shifts in its business focus in recent years.

Sisense, an Israel-based business analytics software unicorn, laid off 80 employees, representing 9% of its global workforce of 900, with 20 of those cuts occurring at its Israeli headquarters. The layoffs, announced in late April 2020, primarily affected sales and marketing teams and were implemented as a strategic adjustment to anticipated economic slowdowns and lower growth due to the COVID-19 pandemic. Despite recent rapid expansion, including hiring 100 new employees, the company cited the need to balance expenditures with income forecasts. Operating in the business intelligence and data analytics industry, Sisense had achieved a valuation of $1.1 billion earlier in the year and reported estimated 2019 earnings of approximately $100 million.