OtherIL

L1ght Layoffs

May 2023

L1ght announced a layoff affecting 0 employees (100% of its workforce) in May 2023. The company operates in the Other sector.

People Affected

Percentage

100%

Announced Date

May 18, 2023

About

Israeli anti-toxicity startup L1ght is shutting down and laying off all 22 employees after a planned acquisition by an American public company fell through. The company, founded in 2018, developed AI technology to detect harmful online content. The deal collapsed in May 2023 due to the broader economic slowdown, which impacted the acquiring company. Following the failed acquisition, L1ght sold its intellectual property and ceased operations.