Firebolt Layoffs
September 2022
Firebolt announced a layoff affecting 0 employees in September 2022. The company operates in the Data sector.
0
Sep 7, 2022
About
Cloud data warehouse unicorn Firebolt is laying off dozens of employees, the company confirmed in September 2022. While the exact number was not disclosed, the Israeli startup, which employs over 200 people across more than 20 countries, cited the global economic slowdown and new market conditions as the reason for the cuts. Despite having over $200 million in the bank and a recent $100 million funding round at a $1.4 billion valuation, CEO Eldad Farkash stated the company needed to streamline operations. Firebolt plans to continue investing in its core product, engineering, and field teams.
Related Events
More Data Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl