StreamElements

StreamElements, an Israeli startup providing tools for content creators, has laid off 60 employees, representing 35% of its 160-person workforce. This marks the company's third round of layoffs, following cuts in June 2022 and January 2023. The company cited challenging market conditions and a persistent slowdown in the advertising market, noting that new client budgets did not offset reductions from existing clients. To achieve sustainable growth and profitability without further external funding, StreamElements implemented these workforce reductions. The startup, founded in 2017, had raised $100 million in 2021 led by SoftBank Vision Fund 2.

StreamElements, a gaming and live-streaming technology startup, has laid off 40 employees, representing 20% of its workforce, in January 2023. This marks the second such reduction in seven months, following a similar 20% cut in June 2022. The company, which raised $100 million in 2021, cites a continued slowdown in the advertising market and among content creators, predicting a further drop in growth. The restructuring aims to build a path to profitability amid challenging market conditions.

StreamElements representing approximately 20% of its workforce on 2022-06-23.