Vee

Israeli volunteering platform startup Vee conducted its second round of layoffs in three months during October 2022, letting go of 50% of its remaining workforce. This followed a previous cut of 30% in July. The company, which had 50 employees before the first layoff, was reduced to just 17 staff members. Founded in 2020, Vee had raised $13.5 million, including a $12 million Seed round earlier that year. The cutbacks were part of broader adjustments amid the 2022 tech downturn, though the company emphasized it would continue serving its nonprofit initiatives and clients.

Israeli volunteering platform startup Vee has laid off 16 employees, representing 30% of its 50-person workforce, as announced by CEO May Piamenta in a LinkedIn post on July 31, 2022. The company, which had raised $13.5 million in funding, including a $12 million Seed round just months prior, cited a need to ensure its long-term sustainability and commitment to its mission. Operating in the HR and social impact tech industry, Vee provides a platform for corporate volunteering. Piamenta took full responsibility for the difficult decision, emphasizing the unfairness to the team and urging other companies to hire the affected, talented individuals.