3 stories for “tech layoffs”
The Israeli solar energy company is cutting about 10% of its workforce despite improved second-quarter results. The reasons: weak demand for residential solar in the US and excess distributor inventory in Europe.
The Israeli fintech company, valued at $8 billion in 2022, is cutting 60 to 70 employees. At the same time it denies an Axios report that Visa is in advanced talks to buy it for just $2.5 billion.
The software giant is cutting costs amid enormous AI spending. The offer applies to employees in the US, Canada, the UK and India, who must decide by early December. In Israel, about 50 Copilot Studio employees were called to pre-dismissal hearings.
