FinanceUS

Equitybee Layoffs

February 2023

Equitybee announced a layoff affecting 24 employees (25% of its workforce) in February 2023. The company operates in the Finance sector.

People Affected

Percentage

25%

Announced Date

Feb 8, 2023

About

Equitybee, an Israeli fintech startup that operates a marketplace for startup employee stock options, conducted its second round of layoffs in just over three months, cutting 25% of its workforce in February 2023. This amounted to 24 employees out of a total of approximately 100 across its Israel and U.S. operations. The company, which had previously laid off around 25 staff in October 2022, cited a challenging macroeconomic climate that forced a strategic shift to focus on a more targeted market segment in the U.S. Founded in 2018 and having raised $85 million, Equitybee is adjusting its operations amid broader market pressures affecting the tech industry.