SalesUS

Lusha Layoffs

July 2022

Lusha announced a layoff affecting 30 employees (10% of its workforce) in July 2022. The company operates in the Sales sector.

People Affected

Percentage

10%

Announced Date

Jul 18, 2022

About

Israeli unicorn Lusha, a cloud-based sales intelligence platform, laid off 30 employees in July 2022, representing 10% of its total workforce across all departments. The company, which achieved a $1.5 billion valuation eight months prior after raising $205 million, cited the economic slowdown and market conditions as reasons for the restructuring. This move aimed to ensure long-term success and control cash flow following a period of rapid growth. Founded in 2016, Lusha serves sales professionals with contact and company data. The layoffs occurred amidst a lawsuit from previous investors and marked a shift from its bootstrapped origins to navigating the pressures of its unicorn status.