Bizzabo announces second round of layoffs

• Author: Yiftach Mandelbaum and Assaf Gilead
• Published date: 02 December 2022
• Publication title: Globes (Rishon LeZion, Israel)

Last July, Bizzabo fired 120 employees, of whom 35 were in Israel and this time the dismissals will also probably include layoffs in Israel although the company didn't specify

The company said, "Due to the ongoing financial uncertainty, we have decided to carry out a strategic organizational change in order to bring Bizzabo to profitability. As part of this move, we are taking a number of significant steps to cut the company's expenditure and also saying goodbye to excellent and devoted employees worldwide. We are committed to standing by their side and assisting them in the process of finding a job."

Bizzabo was chosen as "Globes" most promising startup in 2020. The company took advantage of the Covid crisis and developed a platform for virtual conferences, which was later adapted to hybrid events and conferences, which combine physical and virtual...