Namogoo Layoffs
November 2022
Namogoo announced a layoff affecting 25 employees (15% of its workforce) in November 2022. The company operates in the Marketing sector.
25
15%
Nov 9, 2022
About
Israeli startup Namogoo laid off 25 employees, representing 15% of its workforce, in November 2022. Following the cuts, the company's team totals around 140 people, primarily based in Israel with additional staff in London, Boston, and New York. CEO Chemi Katz stated the layoffs are part of a strategic refocus to target larger companies instead of smaller, more marketing-intensive clients, aiming to achieve profitability by mid-2023. The company, which provides a digital journey continuity platform to prevent customer distraction on websites, had raised $81 million in total funding, including a $15 million round six months prior to the layoffs.
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