Lightico Layoffs
February 2023
Lightico announced a layoff affecting 20 employees (25% of its workforce) in February 2023. The company operates in the Finance sector.
20
25%
Feb 5, 2023
About
Fintech startup Lightico has laid off 20 employees, representing 25% of its 80-person team, in its second round of workforce reductions, following a similar cutback in March 2022. CEO Zviki Ben Ishay cited the need to achieve profitability and conserve cash amid a challenging market, despite no slowdown in business. The company, which provides mobile e-signature and document solutions, aims to control its destiny and be ready for future fundraising when conditions improve. Lightico had raised $27 million in a Series B round led by Capital One Ventures in 2021.
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