RiseUp Layoffs
April 2024
RiseUp announced a layoff affecting 50 employees (50% of its workforce) in April 2024. The company operates in the Finance sector.
50
50%
Apr 30, 2024
About
Israeli fintech startup RiseUp, which provides a technology platform to help customers control expenses and save money, has laid off 50 employees, representing 50% of its 100-person workforce. The layoffs, announced on April 30, 2024, are part of a broader adjustment to ensure the company's growth and profitability amid challenging market conditions, including the ongoing war in Israel. Founded in 2017 and having raised $48 million in total funding, the company stated the difficult decision was necessary alongside other cost-saving measures to focus on its core business.
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