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Israeli Fintech HoneyBook Lays Off 14% of Staff, Mostly in Israel
Israeli fintech firm HoneyBook is laying off about 14% of its 255 employees, primarily in Israel, as part of a reorganization to integrate AI. The company, which raised $250 million in 2021, will extend options for laid-off workers and provide them with good severance.
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What happened
- 01Israeli fintech HoneyBook is laying off 14% of its staff, impacting 30-35 employees.
- 02The majority of the affected employees are based in Israel.
- 03The company cites a reorganization to adapt to the AI era and integrate AI into its product.
- 04HoneyBook raised $250 million in 2021 at a $2.4 billion valuation.
- 05The platform manages U.S. small business operations and has processed $18 billion in payments.
HoneyBook's platform helps U.S. small businesses manage operations and has processed billions in payments.
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