Cuts in local high-tech: layoffs at Bizzabo and PayPal

The Israeli company Bizzabo has laid off dozens of employees, with only a few based in Israel and the rest worldwide. On the eve of the layoffs, the company employed about 150 people.

The company stated:

"Bizzabo has made changes to its organizational structure as part of a transition to a faster way of working and building for the events market, which continues to grow. These were difficult decisions that affect employees in the country and around the world who have contributed to the company's success. We are accompanying and supporting everyone who has been affected by them."

Bizzabo was founded in 2011 by Eran Ben-Shoshan, Alon Alroy, and Boaz Katz, and develops a technological platform for managing, planning, and measuring business events and conferences. Its system, Event Experience OS, provides solutions for event organizers, from registration management and ticket sales to data analysis and connection to CRM systems. To date, the company has raised $200 million in funding.

This is the third round of layoffs at Bizzabo. Since mid-2022, its workforce has shrunk by more than two-thirds.

At the same time, PayPal is laying off dozens of employees in Israel. The payments giant has a development center in Tel Aviv, where it employs about 200 to 250 people. The layoffs in Israel are part of a global wave of cuts that began this week. In Ireland, the company will lay off 164 employees, about 12% of its workforce in the country.

PayPal stated that the personnel changes are part of a multi-year efficiency program intended to simplify global operations and strengthen performance. The program was presented by the new CEO Enrique Lores, who took office in March 2026. Within this framework, the company will cut about 20% of its workforce within two to three years — about 4,760 jobs out of 23,800 — with the goal of saving $1.5 billion per year.

The company stated:

"The changes in the workforce are part of the multi-year transformation process, which we announced in the past, intended to simplify our global operations and place the company on a long-term growth path. Decisions of this kind are not easy, and we are well aware of their impact on our employees. We are committed to standing by them and providing them with full support during this period of change."