Israeli startup Walnut, a developer of a sales and marketing demo experience platform, laid off 15 employees on May 29, 2024, which represents 20% of its total workforce. This follows a previous round of layoffs in 2023, and the company's team has been reduced by approximately 50% since then, from 120 to about 60 people. Walnut cited a need to adjust resource distribution and focus on core operations for efficiency, aligning with trends in the broader high-tech market. The company, which operates in the sales technology industry and has raised $56 million in funding, stated the restructuring impacts roles in Israel and other countries as part of updating its technological focus.
