OtherIL
Xsight Labs Layoffs
September 2022
Xsight Labs announced a layoff affecting 0 employees in September 2022. The company operates in the Other sector.
People Affected
0
Announced Date
Sep 7, 2022
About
Israeli chip startup Xsight Labs is laying off dozens of employees in September 2022, affecting staff in Israel and contractors in Eastern Europe across various departments. The company, which develops advanced chipsets for the communications market and has raised over $100 million, is making these cuts to adjust expenses and prepare for the coming years amidst broader tech industry challenges. The layoffs follow a recent CEO appointment and reflect a strategic shift to align with the current economic situation.
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