Vee Layoffs
October 2022
Vee announced a layoff affecting 17 employees (50% of its workforce) in October 2022. The company operates in the HR sector.
17
50%
Oct 25, 2022
About
Israeli volunteering platform startup Vee conducted its second round of layoffs in three months during October 2022, letting go of 50% of its remaining workforce. This followed a previous cut of 30% in July. The company, which had 50 employees before the first layoff, was reduced to just 17 staff members. Founded in 2020, Vee had raised $13.5 million, including a $12 million Seed round earlier that year. The cutbacks were part of broader adjustments amid the 2022 tech downturn, though the company emphasized it would continue serving its nonprofit initiatives and clients.
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