anywell, an Israeli startup that is developing a Workspace-as-a-Service platform for a hybrid work model, is just the latest in a long list of Israeli firms that have been forced to cut back on their staffs recently. The company has now seen a 50$ drop in its workforce with its latest round of firings that included 11 employees, six in Israel.
The move comes just five months after the company raised a $10 million in a Series A round of funding led by Pitango and Viola Ventures. Along with its $5 million Seed round, anywell’s total amount raised to date is $15 million.
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Buy anywell is in good company. Just a few days ago Melio, an Israeli fintech unicorn, was also forced to off 60 people from its sales and customer success team.
Also recently after Wix, the highly successful Israeli company that offers people a way to build their own websites free of charge, revealed that it was cutting 100 jobs. And in July, Melio’s fellow Israeli unicorns Next Insurance and Lightricks were also forced to make cutbacks.
Since July 1st, 15 Israeli firms have been forced to make cutbacks in their staff, laying off many employees. This includes four unicorns. And one Israeli firm that was bought out by a foreign company a few years back is being shuttered entirely.
This is all a result of the worldwide crisis in the markets. Inflation the world over, caused in part by the sharp increase in the price of oil due to the ongoing conflict in Ukraine, and increases in interest rates have caused would be investors to pull their money from the markets. The situation has also scared off would be investors in startups.
Founded by Gadi Royz, Ori Naishtein, Erez Tadmor, and Tomer Sharon, Anywell boasts that it paves the way for innovative companies to take care of their distributed teams’ environmental needs. Through remote facilities management services and software, the company integrates enterprise and hospitality partner ecosystems to provide basic office amenities (like wifi, guaranteed seating, power, and more) in novel and energizing environments that strengthen local communities.