Innovez from Rosh HaAyin to lay off about 25% of employees
This is the third wave of layoffs at the company in recent years, and according to estimates, more than 90 employees will be fired.
Assessment
InnoVis from Rosh HaAyin is cutting about 25 percent of its workforce, its third round of layoffs in recent years. More than 90 employees are expected to lose their jobs. The repeated cuts signal a company that has not found its footing despite multiple restructuring attempts. Watch for whether this round finally stabilizes the business or if more reductions follow.