Similarweb Layoffs
May 2023
Similarweb announced a layoff affecting 60 employees (6% of its workforce) in May 2023. The company operates in the Other sector.
60
6%
May 10, 2023
About
Digital intelligence company Similarweb laid off over 60 employees, representing about 6% of its workforce, in May 2023. This followed a previous round of 130 layoffs in November 2022. The cuts were announced alongside first-quarter results that showed a 19% revenue increase to $52.8 million but a persistent GAAP operating loss of $13.1 million. The company, which provides web traffic analytics, cited ongoing efforts to improve its financial position and achieve positive cash flow, with most affected employees based outside Israel.
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