Verbit

Verbit, an AI-powered transcription startup, has laid off 22 employees, including 10 in Israel, as part of a streamlining process tied to its AI transition and organizational adjustments. This reduction, announced on September 10, 2025, affects about 4.4% of its global workforce of approximately 500. The company, which has raised $600 million and serves major clients across various industries, has undergone multiple layoffs in recent years, reflecting ongoing shifts toward integrating artificial intelligence into its workflows.

Verbit, an AI-powered transcription and captioning platform, is conducting its third round of layoffs, cutting dozens of positions including about 20 in Israel. This follows the appointment of Acting CEO Yair Amsterdam in February 2024. The company, which employed around 500 people prior to this reduction, had previously laid off 60 employees in July 2023 and about 80 in the U.S. the year before. These cuts reflect ongoing challenges for the once high-flying unicorn, which reached a $2 billion valuation in 2021 but has since faced strategic shifts under new leadership.

Israeli AI transcription unicorn Verbit is laying off 60 employees, constituting about 6% of its 1,048-person workforce. This round, announced in July 2023, includes 20 layoffs in Israel and 40 abroad. The company, valued at $2 billion, cites a streamlining process to achieve profitability and eliminate role duplication following several acquisitions. This follows a previous 10% workforce reduction in July 2022. Verbit's employee count had recently doubled due to converting many freelancers to full-time staff.

Israeli AI transcription unicorn Verbit is laying off approximately 80 employees, representing 10% of its workforce, as part of an organizational restructuring aimed at accelerating its path to profitability. The layoffs, announced in July 2022, will affect mostly U.S.-based staff, with 30 employees in Israel also departing. This move comes just eight months after the company secured a $250 million funding round at a $2 billion valuation. CEO Tom Livne cited the need to adapt after a period of "hypergrowth," which included a fivefold increase in staff and six acquisitions over 18 months. The restructuring into business divisions is intended to eliminate redundancies from those acquisitions while positioning the company, which had reached $100 million in annual recurring revenue, for continued growth and future acquisitions in the competitive tech and accessibility industry.