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Full coverage· Economy· Updated

Israeli FoodTech Firm Tastewise Lays Off Dozens Amid Growth

Israeli food tech company Tastewise is laying off dozens of its approximately 100 employees globally, including over 60 in Israel. The company stated the move is to adapt its team structure to new market needs, despite continuing to serve major international clients.

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Israeli FoodTech Firm Tastewise Lays Off Dozens Amid Growth
Illustration by baba

What happened

  1. 01Israeli food tech firm Tastewise is laying off dozens of its global employees.
  2. 02The company employs around 100 people worldwide, with over 60 based in Israel.
  3. 03The layoffs occur 18 months after a $50 million funding round led by TELUS Global Ventures.
  4. 04Tastewise uses generative AI to identify food and beverage consumer trends for major brands.
  5. 05Clients include international giants like Mars, Kraft Heinz, and Campbell's.

This comes about 18 months after Tastewise raised $50 million in a funding round led by TELUS Global Ventures.

Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

2 newsrooms on this story

Who covered it

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  • RightNone
  • HarediNone
  • ArabNone
  • Other2

How it broke

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