Incredibuild Layoffs
December 2023
Incredibuild announced a layoff affecting 40 employees (20% of its workforce) in December 2023. The company operates in the Product sector.
40
20%
Dec 5, 2023
About
In December 2023, Israeli software development startup Incredibuild laid off approximately 40 employees, representing 20% of its then 215-person workforce. The company, which had raised $35 million in a Series B round in 2022, cited the dramatic decline in the software industry and challenging global macroeconomic conditions as reasons for the restructuring. This efficiency move aimed to ensure long-term growth and support the company's 2024 strategy, focusing on technological innovations to accelerate customer software development and expansion into new markets.
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