Layoffs in Israel
107 companies in Israel have conducted layoffs, affecting 14,019 employees.
14,019
107
149
Top Companies
eBay
3,541 affected · 8 events
Playtika
2,440 affected · 6 events
SolarEdge
2,200 affected · 4 events
Sapiens
700 affected · 1 events
Avo
500 affected · 1 events
Wix
470 affected · 2 events
Fiverr
310 affected · 2 events
Mobileye
300 affected · 2 events
Pagaya
240 affected · 2 events
Lightricks
235 affected · 3 events
Layoff Events
Nayax
32
affected
Nayax laid off 32 employees representing approximately 3% of its workforce on 2026-04-15. The company is at the Post-IPO funding stage and operates in the Finance sector.
eBay
800
affected
eBay, a major e-commerce company, announced on Thursday that it is laying off approximately 800 employees, which represents about 6% of its global workforce of around 12,300. The job cuts are part of a broader restructuring effort to focus on strategic priorities, streamline operations, and reinvest in key areas like artificial intelligence. This move comes as eBay faces intense competition from rivals such as Amazon, Walmart, and newer platforms like TikTok Shop and Temu. The company has been actively investing in AI to enhance its platform and recently announced the acquisition of Depop, a resale app popular with younger consumers, to strengthen its position in the fashion market. These layoffs reflect eBay's ongoing efforts to adapt and compete in the rapidly evolving online retail industry.
Firebolt
0
affected
Firebolt, a unicorn data warehouse company valued at $1.4 billion, has laid off dozens of employees across its Israeli and international teams in February 2026. This reduction leaves only a small development team in Israel alongside a U.S. team. Despite holding over $100 million in cash reserves, the company is implementing a strategic shift to improve efficiency, driven by management's assessment that AI-driven advancements now reduce the need for a large engineering workforce. The layoffs follow the earlier departure of its founders from management roles, marking a significant adaptation to a new technological era in the cloud data analytics industry.
Huawei
50
affected
Huawei's Israeli R&D center, operating as Toga Networks, is laying off approximately 50 employees from its cloud division in February 2026. This represents over 12% of the center's local workforce of about 400 employees. The layoffs are part of an organizational restructuring aimed at improving efficiency and sharpening business focus. Despite these cuts, Huawei continues to recruit for other divisions. The Hod Hasharon-based center, acquired in 2016, remains a key R&D hub for the Chinese tech giant, focusing on advanced communications, cloud infrastructure, and AI technologies, even amid ongoing global sanctions.
Rewire
110
affected
In February 2026, Remitly, a Nasdaq-listed digital payments company, laid off approximately 110 employees in Israel, representing over half of its roughly 200-person workforce in the country. This move involved closing the local research and development hub that originated from its $80 million acquisition of Israeli fintech Rewire in 2022. The company, operating in the financial technology industry, is consolidating its engineering functions globally to streamline operations, retaining only sales and business roles in Israel. Employees were notified via a Zoom call from U.S. executives, marking a significant strategic shift away from maintaining Israel as a key tech development center for its migrant worker and cross-border payment services.
Moon Active
110
affected
Gaming unicorn Moon Active laid off approximately 110 employees, which represents about 5% of its global workforce of 2,200, as part of an organizational restructuring announced in late January 2026. The layoffs, affecting around 30 staff in Israel where the company is headquartered, are aimed at reshaping operations in two business units to align with the company's long-term strategy. Despite achieving record revenue of $2 billion in 2024, with its flagship game Coin Master surpassing $6 billion in lifetime income, the mobile gaming company is streamlining its structure to position itself for future growth in the competitive industry.
Playtika
500
affected
Playtika, a mobile gaming company listed on Nasdaq with a market cap of about $1.4 billion, is laying off approximately 500 employees, which represents about 15% of its global workforce of around 3,500. Announced by CEO Robert Antokol on January 26, 2026, this marks the company's fifth round of layoffs since 2022, bringing total job cuts during that period to over 1,000. The decision is part of a strategic shift to "right-size" the organization, moving away from an unsustainable broad growth strategy. The company aims to reduce layers, concentrate resources on a smaller number of future projects, and create a more efficient operating model to invest in future products.
StoreDot
0
affected
Israeli fast-charging battery developer StoreDot is laying off dozens of employees, reducing its workforce to just a few dozen people, as it prepares for an $800 million SPAC merger. The layoffs, occurring in January 2026, are part of the company's restructuring ahead of its planned Nasdaq listing under the name XFC Battery. The remaining team is focused on maintaining existing projects and advancing the commercialization of its technology. StoreDot, founded in 2012, operates in the electric vehicle battery industry under a technology-licensing model and has raised approximately $200 million.
eToro
105
affected
Fintech company eToro is laying off about 105 employees, representing 7% of its global workforce of approximately 1,500. The decision, announced in January 2026, comes less than a year after the company's Wall Street debut, where it is currently valued around $2.6 billion. More than half of the affected positions are based in Israel. eToro's leadership stated the layoffs are part of a maturation process to align the organizational structure with business needs and long-term growth strategy, emphasizing the move was made from a position of strength to focus on future technologies and opportunities.
Foretellix
29
affected
Foretellix, an Israeli autonomous-vehicle software company, has laid off 29 employees, representing about 18% of its workforce. The company, which has raised $135 million and employs around 160 people, cited efficiency measures driven by the growing adoption of AI tools as the reason for the cuts. This move comes despite a period of recent growth, new commercial deals, and a collaboration with NVIDIA. The layoffs, announced in early January 2026, reflect broader industry trends as AI reshapes operational needs in the tech and autonomous driving sectors.
Hailo
30
affected
Hailo, an Israeli AI chip unicorn startup, is laying off just under 30 employees, which represents slightly less than 10% of its workforce of over 300 people. The layoffs, announced in early January 2026, are part of a strategic shift as the company refocuses its priorities toward the rapidly growing fields of robotics and Physical AI. This move comes as Hailo, which has raised $344 million and is preparing for a new significant funding round, reallocates resources away from areas with slower AI adoption to concentrate on sectors where customer uptake is accelerating.
Sapiens
700
affected
Following its $2.5 billion acquisition by private equity firm Advent, Israeli software company Sapiens is undergoing a major restructuring. In January 2025, the company plans to lay off 700-800 employees, representing about 15% of its global workforce of 5,400. The cuts are part of a strategic shift to streamline operations, reduce less profitable service activities, and focus on core products. Concurrently, the entire senior management has been replaced, and the company's operational headquarters are being moved to London.
Believer Meats
0
affected
Believer Meats, a cultivated-meat startup formerly known as Future Meat Technologies, has ceased operations and laid off its remaining workforce after running out of cash in December 2025. The company, which had raised over $390 million and built a major production facility in North Carolina, was unable to meet a $22 million payment deadline to its construction contractor, leading to a lawsuit and an abrupt shutdown. This collapse leaves the alternative protein industry without one of its most advanced contenders, despite the company recently achieving key regulatory milestones for selling its products.
Mobileye
200
affected
Mobileye, an Israeli autonomous-driving technology company, is laying off approximately 200 employees, which represents about 4% of its global workforce of roughly 4,300. The cross-departmental cuts, announced in December 2025, come despite the company reporting stronger quarterly revenue and rising demand for its driver-assistance systems. The layoffs are part of ongoing adjustments to workforce needs, even as Mobileye continues to recruit for long-term strategic positions. The company, which has a market capitalization around $9.5 billion, has seen its shares decline over 40% this year. Most of the affected employees are based in Israel, where the majority of its workforce is located.
Cellebrite
20
affected
Cellebrite, a digital intelligence and cybersecurity firm, has laid off approximately 20 employees in Israel as part of a restructuring effort following its $170 million acquisition of U.S.-based Corellium. The layoffs, announced on December 3, 2025, affect about 3.6% of its 550-person Israeli workforce and roughly 1.5% of its global team of 1,300. The company stated the move aligns its organizational structure with current business needs and its expanded technological roadmap, which now includes Corellium's advanced virtualization platform for mobile operating systems. This strategic acquisition aims to enhance Cellebrite's forensic and cyber capabilities by moving beyond physical device analysis.
Playtika
700
affected
Israeli mobile gaming company Playtika is preparing to lay off about 20% of its workforce, or 700-800 employees, in December 2025. This marks the company's fifth round of job cuts since 2022, despite reporting a net profit of approximately $39 million in the third quarter. Playtika, which is publicly traded on Nasdaq and employs around 3,500 people, has faced challenges integrating recent acquisitions and sustaining game revenues, leading to repeated restructuring efforts within the competitive gaming industry.
Lightricks
85
affected
Jerusalem-based unicorn Lightricks has laid off 85 employees, representing about 15% of its workforce, as part of a major internal reorganization announced on October 27, 2025. The company, which specializes in creative software and AI, now employs approximately 465 people, down significantly from its peak of nearly 700 in 2022. This marks the third round of layoffs for Lightricks in recent years. The restructuring is centered on refocusing the business around artificial intelligence, particularly following the launch of its new AI video generation model. While cutting roles across various departments, Lightricks is simultaneously hiring 30 new employees to bolster its AI division, which will become its largest team. The company maintains that the move is strategic, aimed at prioritizing AI innovation over its legacy products like the photo-editing app Facetune.
Fiverr
250
affected
Fiverr laid off 250 employees representing approximately 30% of its workforce on 2025-09-15.
Sorbet
0
affected
Israeli fintech startup Sorbet has laid off the majority of its staff in a significant operational reset, letting go of all its employees in Israel and most of its U.S.-based team in September 2025. The company, which employed dozens of workers, faced intense profitability pressures. Sorbet operates a platform that monetizes unused employee vacation days, a market valued at over $270 billion annually in the U.S. Despite raising more than $25 million from notable investors, the company cited the high, fixed capital costs of operating in a complex fintech lending environment as a key challenge, forcing this structural downsizing.
The Gist
0
affected
Israeli AI startup theGist has shut down, resulting in the layoff of its entire team of approximately 15 employees, which represents 100% of its workforce. The company, founded in 2022, announced its closure in early September 2025 after failing to achieve sustainable traction with its AI-driven workplace productivity tool. Despite raising $7 million in pre-Seed funding from prominent investors, scaling the solution that summarized information from platforms like Slack and email proved difficult. Challenges included an unsuccessful pivot to sales-focused solutions and operational disruptions from prolonged reserve service of key developers. Operating in the AI and productivity software industry, the small-scale startup will return the remaining funds to its investors.
PlaxidityX
65
affected
Cybersecurity firm PlaxidityX, formerly Argus Cyber Security, is laying off approximately 65 employees, representing about one-third of its 180-person workforce. The cuts, which include senior roles, are part of a global streamlining effort by its parent company, automotive giant Continental, ahead of the planned September IPO of its automotive division, Aumovio. The company cites adapting to market conditions and focusing on strategic growth as reasons for the restructuring, which was reported in late July 2025.
Nayax
70
affected
Israeli fintech company Nayax is laying off 70 employees, representing 6% of its global workforce of 1,100 people. This first major round of layoffs, announced in July 2025, comes despite strong financial performance, including a 60% stock surge and record quarterly profits. The company, which provides digital payment solutions for self-service retail and is valued around $1.79 billion, stated the cuts are part of an operational efficiency drive. The move highlights a trend of restructuring within the tech industry even amid revenue growth, as Nayax integrates recent acquisitions and aims to streamline its operations.
Salto
30
affected
Salto, an Israeli startup backed by Accel, Salesforce, and others, has laid off 30 employees, representing about 50% of its workforce, as part of a major restructuring announced in June 2025. The company, which had raised approximately $70 million, is shifting its focus to the cybersecurity market. While half of the remaining staff will maintain its existing product for configuring business applications, the rest are developing a new cybersecurity offering under a fresh brand. This pivot aims to leverage Salto's core technology to address critical security challenges, signaling a strategic redirection for the firm founded by experienced entrepreneurs Rami Tamir, Benny Schnaider, and Gil Hoffer.
Playtika
90
affected
Mobile gaming company Playtika has laid off approximately 90 employees, affecting teams in Israel and Poland. This workforce reduction, announced in early June 2025, primarily targets the development teams for the underperforming games Best Fiends and Redecor. The cuts are a direct response to slumping revenues from these titles; for instance, Best Fiends' monthly revenue fell sharply from $8 million to about $3 million over a three-year period. This follows a recent round of layoffs at its subsidiary Wooga. Despite reporting record quarterly revenue of $706 million, the company's net profit fell by 42%, indicating significant margin pressures. Playtika, a publicly traded company on Nasdaq valued around $1.83 billion, continues to navigate challenges in integrating past acquisitions and revitalizing key game franchises.
eBay
200
affected
eBay is shutting down its operations in Israel, resulting in the layoff of over 200 employees by the first quarter of 2026. This decision marks the complete closure of its Israeli R&D center in Netanya, originally established after eBay's acquisition of Shopping.com in 2005. The move is part of a broader, years-long downsizing effort in the country, following several previous rounds of layoffs that had already reduced marketing, sales, and development teams. As a global e-commerce giant, eBay stated the closure is aimed at optimizing its operational footprint to better support long-term strategic goals, while committing to assist affected staff during the transition.
Noogata
10
affected
Israeli AI startup Noogata has shut down, resulting in the layoff of its entire 10-person team. The company, which had previously employed over 40 people, failed to meet key business milestones and was unable to secure new funding. Founded in 2019 and backed by investors like Team8, Noogata had raised $28 million to develop an AI-powered organizational platform for clients including PepsiCo and Colgate. The closure was announced in May 2025, and the company is now seeking to sell its underlying technology.
Deep Instinct
20
affected
In May 2025, Israeli cybersecurity firm Deep Instinct laid off approximately 20 employees, representing about 10% of its 180-person workforce. This staff reduction followed the closure of certain company operations and is part of ongoing strategic and operational shifts. The company, which specializes in deep learning-based threat prevention, had previously undergone a similar round of layoffs and a leadership overhaul in 2023. Deep Instinct, a venture-backed startup with total funding around $300 million, continues to navigate the competitive cybersecurity landscape with a focus on its predictive AI platform.
Wing Cloud
0
affected
Wing Cloud, an Israeli cloud development startup, has shut down after failing to turn its innovative programming language Winglang into a viable business. The company, which had raised $20 million in seed funding from prominent venture capital and cloud infrastructure leaders in 2023, announced its closure in April 2025. Despite building an enthusiastic open-source community with over 100 contributors, Wing Cloud struggled to convince companies that its developer experience solution was business-critical, ultimately making it impossible to achieve sustainable commercial traction. The shutdown reflects the challenges of monetizing developer tools in the competitive cloud infrastructure industry.
Coho AI
0
affected
Coho AI, a Tel Aviv-based startup in the AI and SaaS analytics industry, has shut down after nearly four years. The company, which had raised $8.5 million in seed funding, struggled to find a sustainable business model and generate meaningful revenue. As part of a quiet exit in early April 2025, the marketing unicorn Yotpo agreed to integrate several of Coho's employees and cover some shutdown costs, while the company's intellectual property is still being considered for sale. This closure highlights the persistent challenges of turning a visionary product idea into a viable business, even within Israel's experienced tech ecosystem.
Otorio
45
affected
Following its $120 million acquisition by cybersecurity firm Armis earlier in March 2025, Israeli industrial cybersecurity startup Otorio has laid off 45 employees, representing more than half of its staff. The layoffs, part of a post-acquisition restructuring, affected 25 employees in Israel, with cuts spanning sales, marketing, finance, and HR, while Armis retained 35 development personnel. Otorio, founded in 2018, specialized in securing operational technology for critical sectors like energy and manufacturing. The integration aims to enhance Armis's industrial security offerings as it pursues an aggressive growth strategy ahead of a planned IPO.
D-ID
22
affected
Israeli AI startup D-ID is laying off 22 employees, representing a quarter of its global workforce of 88, as part of an efficiency drive. The layoffs, announced on March 10, 2025, affect mostly staff in Israel. This move comes just days after the company secured a strategic partnership with Microsoft to integrate its interactive avatar technology. D-ID, which specializes in AI for corporate applications like customer experience and marketing, stated the restructuring aims to streamline operations and prepare for accelerated growth.
eBay
20
affected
eBay is conducting its fourth round of layoffs in Israel, affecting approximately 20 employees, which represents about 10% of its 250-person workforce in the country. The exact number is pending finalization after hearings. This move is part of the e-commerce giant's ongoing global restructuring efforts, with previous layoffs occurring in February 2023, December 2023, and June 2024. The company's Israeli R&D center in Netanya, established after the acquisition of Shopping.com in 2005, continues its operations amid these adjustments.
Electriq Global
0
affected
Electriq Global, an Israeli hydrogen energy startup founded in 2013, has collapsed under nearly $30 million in debt despite raising $25 million. The company, which operated in the green energy sector, has seen its workforce drastically reduced from about 30 employees to just six, representing an 80% layoff. This severe downsizing and the company's entry into court-supervised rehabilitation were triggered by financial difficulties after a key €25 million investment from a Dutch investor was frozen due to the security situation and war in Israel. The crisis culminated in February 2025 when employees petitioned the court over unpaid January salaries, leading to a freeze on proceedings and the appointment of a trustee.
Eviation Aircraft
0
affected
Electric aircraft startup Eviation has laid off most of its staff as it struggles to secure new funding, according to media reports from February 2025. The company, a pioneer in developing all-electric aircraft like its nine-seater Alice prototype, took this drastic measure to preserve resources while evaluating future opportunities. This comes amid a challenging period for innovative aerospace startups, with several other eVTOL developers also facing severe financial difficulties in early 2025. The layoffs reflect the immense capital and endurance required to bring a new aircraft from concept to certification.
NanoLock
0
affected
Israeli cybersecurity startup NanoLock Security has collapsed and is seeking court-appointed trusteeship due to insolvency, halting operations and laying off its entire workforce of 26 employees. The company, which specialized in protecting industrial controllers for sectors like energy and manufacturing, cited severe financial strain exacerbated by the war and a cash flow crisis as primary reasons for its failure. Founded in 2017 and backed by $27 million in funding, NanoLock filed the request in early February 2025, listing debts of about $1.97 million plus an additional $2.5 million owed to shareholders.
Tabnine
15
affected
Tabnine, an AI-powered developer assistant company, has laid off 15 employees, representing 18% of its 80-person workforce. The layoffs, occurring in early February 2025, primarily affected marketing teams in both Israel and the United States. The company stated this restructuring is part of a strategic pivot to sharpen its focus and improve efficiency for enterprise growth, following significant expansion in that customer segment in 2024. Founded in 2013 and having raised $55 million, Tabnine operates in the competitive AI and software development industry.
Innoviz
40
affected
Israeli lidar manufacturer Innoviz has laid off 9% of its workforce, affecting about 40 employees, as part of cost-cutting measures amid ongoing financial struggles. This latest round of layoffs, announced in early February 2025, follows a previous 13% reduction a year ago and leaves the company with 350 employees. The cuts, primarily in the development department, are expected to reduce annual expenses by $12 million. Innoviz, which develops sensors for autonomous vehicles and went public via a SPAC merger, faces investor disappointment due to slow revenue growth and significant losses, despite having contracts with major clients like Volkswagen and Mobileye. The company recently secured an $80 million funding agreement to support its operations.
Moon Active
0
affected
Moon Active, a gaming unicorn valued at $5 billion, has laid off dozens of employees globally as part of an organizational restructuring to align with its strategic goals. The layoffs, announced in late January 2025, affect staff in Israel and other locations, including its large development center in Kyiv. With approximately 2,500 total employees, the cuts represent a small percentage of its workforce. This move comes despite the company achieving a record $2 billion revenue in 2024, driven largely by its flagship game Coin Master, which has surpassed $6 billion in lifetime income. The restructuring reflects broader adjustments in the mobile gaming industry, even for highly successful companies.
Aurora Labs
45
affected
Aurora Labs, an Israeli autotech company, has laid off approximately 45 employees, representing 60% of its 75-person workforce. This significant reduction, announced in late January 2025, is part of a strategic pivot. The company is shifting its focus from its original business of providing over-the-air software update tools for automakers to developing LOCI, an AI-driven platform for real-time monitoring of high-performance computing components in vehicles and data centers. The move responds to slower-than-expected adoption of remote updates by the traditional automotive industry. Founded in 2016, Aurora Labs had previously raised close to $100 million from notable investors.
SolarEdge
400
affected
SolarEdge laid off 400 employees on 2025-01-06.
BionicHIVE
0
affected
BionicHIVE, an Israeli robotics startup backed by Amazon, has shut down and entered liquidation with approximately $18 million in debt. The Sderot-based company, which employed around 30 people at its peak, attributes its collapse to the impact of the "Swords of Iron" war, which severed its funding pipeline as foreign investors became reluctant to invest in Israeli tech. The company filed for liquidation in December 2024, citing a severe cash flow crisis that halted operations. Founded in 2014, BionicHIVE had gained notable attention, including praise from Elon Musk, for its warehouse automation technology.
Bluevine
100
affected
Fintech company Bluevine has laid off 100 employees, representing about 18% of its global workforce, in its second round of job cuts within six months. The layoffs, announced in December 2024, included 30 positions in Israel, which serves as the company's primary R&D center. Prior to this reduction, Bluevine employed approximately 550 people. The company stated the move was necessary to adapt to changes in the global market and to execute its long-term strategy more efficiently, despite continued growth of its small business banking platform. Founded in 2013 and backed by prominent investors, Bluevine provides a digital banking platform for small businesses.
Skai
80
affected
Marketing platform Skai, formerly known as Kenshoo, is laying off approximately 80 employees, which represents about 15% of its workforce of 550 people. The company, a pioneer in Israeli digital marketing and high-tech founded in 2006, is refocusing its strategy to concentrate on high-growth areas like commerce and retail media while improving profitability and operational efficiency. This follows a previous workforce reduction in 2022 after a merger. The layoffs, announced in December 2024, affect half of the impacted employees in Israel as the company streamlines its operations.
SolarEdge
500
affected
SolarEdge laid off 500 employees representing approximately 12% of its workforce on 2024-11-27.
Incredibuild
18
affected
In November 2024, Israeli software acceleration company Incredibuild laid off 18 employees, representing about 11% of its workforce, as part of its $65 million acquisition of German startup Garden. The layoffs, which affected staff in Israel, were described as a strategic move to adapt the company's capabilities and market strategy following the acquisition. Concurrently, Incredibuild is hiring for the newly acquired Garden team. The company, which operates globally in the tech industry and had about 150 employees prior to this round, aims to integrate Garden's technology to significantly speed up development and CI pipelines for its customers. This follows a previous round of layoffs at the end of 2023.
Atera
20
affected
Israeli IT management platform company Atera has laid off 20 employees, representing about 6% of its 350-person workforce, as part of a workforce restructuring aimed at efficiency improvements. The layoffs, announced in early November 2024, primarily affect staff in Israel. The company, which provides an AI-powered platform for remote IT management and fault prevention, stated it continues to grow and plans to hire dozens of new employees in areas like development and product by the end of 2025. Atera, which raised $77 million in 2021, is offering support packages to the affected employees.
Mobileye
100
affected
Mobileye, an Intel-owned autonomous vehicle technology company, is laying off approximately 100 employees as it shuts down its internal lidar sensor development division in September 2024. This move, affecting a small percentage of its global workforce, aims to save an estimated $60 million in projected development costs. The decision reflects a strategic shift, as the company now believes next-generation lidar is less critical to its roadmap for "eyes-off" autonomous systems, citing significant advancements in its camera-based computer vision technology and the declining cost and strategic necessity of lidar sensors in the industry.
Inuitive
16
affected
Israeli chip company Inuitive, which specializes in 3D imaging for robotics, drones, and AR/VR, has laid off approximately 20% of its workforce, affecting about 16 of its 80 employees. The layoffs coincide with the retirement of CEO and co-founder Shlomo Gadot, who stepped down in August 2024, reportedly due to reaching retirement age. Co-founder Dor Zepeniuk has been appointed as the new CEO to ensure continuity. The fabless semiconductor startup, founded in 2012 and having raised around $200 million, is navigating these changes amid broader industry challenges.
OrCam
0
affected
OrCam, an Israeli assistive technology startup, is closing its glasses department for the visually impaired and laying off dozens of employees in its third round of cuts this year. This follows earlier layoffs of 100 workers in June and 50 three months prior, leaving the company with only several dozen staff remaining. The decision, announced on July 28, 2024, stems from technological progress in AI and language models, which have made smartphone-based alternatives to OrCam's Low Vision products largely redundant. Consequently, the company will now focus exclusively on its Hear division for hearing aids. Founded by Mobileye's founders, OrCam had previously aimed for a high-value IPO, but those plans have stalled due to market conditions.
EverC
16
affected
Israeli fraud prevention startup EverC is laying off approximately 16 employees, representing 10% of its 165-person workforce. The layoffs, which began with employee hearings on July 16, 2024, affect the company's team in Tel Aviv. Founded in 2007, EverC develops technology to detect online fraud, money laundering, and other financial crimes for e-commerce platforms and financial institutions. The company had announced plans for hiring expansion earlier in the year, making this workforce reduction a notable shift. This move reflects broader challenges within the Israeli tech and cybersecurity industry.