Israeli “unicorn” Hailo lays off 50% of staff

Israeli unicorn startup Hailo, which develops chips for the AI ​​segment, announced it was cutting 50% of its staff and laying off 110 workers.

The reduction is being carried out as part of the optimization and assessment of strategic options for raising capital. The company noted that various opportunities are being considered, including external investment or sale.

In recent months, the company has reorganized to focus on Physical AI – robotics, drones and smart cameras. At the same time, Hailo has expanded its global network of partners and distributors, which should allow it to reduce some of the support functions previously performed by Israeli employees.

The company assured that it will continue to supply chips and support customers during and after the restructuring, and will also “do everything possible to support laid-off employees.”

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