BitSight Layoffs
February 2023
BitSight announced a layoff affecting 40 employees in February 2023. The company operates in the Security sector.
40
Feb 26, 2023
About
American cybersecurity company BitSight has shut down its Israel-based R&D center, laying off the entire local team of 40 employees. This closure comes just 17 months after BitSight established the center through its acquisition of Israeli startup VisibleRisk in September 2021. The decision is attributed to the broader financial and high-tech market crisis. BitSight, which serves over 2,300 customers globally and was valued at $2.4 billion at the time of the acquisition, is consolidating its operations amid the challenging economic climate.
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