Fiverr Layoffs
July 2022
Fiverr announced a layoff affecting 60 employees (8% of its workforce) in July 2022. The company operates in the Other sector.
60
8%
Jul 26, 2022
About
Fiverr, an Israeli freelancer platform, laid off 60 employees, representing 8% of its workforce, with half of the cuts occurring in Israel. The company, which had 787 employees at the end of 2021, cited a need to focus on its core business and adjust to macroeconomic changes as reasons for the layoffs. Announced in late July 2022, this move came amid a significant decline in Fiverr's share price, which had fallen 89% from its peak during the Covid pandemic. The layoffs were part of broader streamlining measures aimed at ensuring continued revenue growth and profitability in a challenging economic environment.
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