2022’s layoffs were just the promo: The real pain for high-tech is coming in 2023

2022’s layoffs were just the promo: The real pain for high-tech is coming in 2023

2022’s layoffs were just the promo: The real pain for high-tech is coming in 2023. High-tech companies laid off 7,000 workers in Israel and 100,000 workers in the U.S. last year, but in most companies this was a move designed primarily to please investors. Now comes the real crisis.

Predictive analytics platform Pecan AI parts with a quarter of its employees. The Israeli company, which raised a $66 million Series C one year ago, is laying off 30 of its 120 employees.

Fintech company Personetics lays off 30 employees, 8% of team. The Israeli firm raised $85 million from Thoma Bravo last January.

LiDAR developer Opsys Tech closes $51.5 million Series C. The Israeli startup has developed a high-performance solid-state scanning LiDAR sensor with no moving parts.

2022 VC Survey | "The key to survival is focusing on efficiency - working lean." Lisya Bahar Manoah ??? , Partner at Catalyst Investments , joined CTech to offer companies advice ahead of the new year.

CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

2 年

Very Interesting Article, On The Real Pain For High-tech is Coming in 2023.

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