Israeli company Milio lays off 7% of its employees in the second wave of layoffs. CEO Matan Bar acknowledged the difficulties faced by employees, saying "this is a difficult day for all of us" Investment in Israeli startups diminished to 319 deals with a total value of $5.4 billion in the first three quarters of 2023.
In general, venture capital fundraising in Israel declined by 69% on an annual basis in the last three years of 2022. The number of startup companies whose value exceeded one billion dollars (unicorns) in 2023 declined to only three.