Snappy Lays off 100 employees

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Gifting platform Snappy announced 30% of its workforce which means around 100 employees from their overall headcount.

Israeli-founded and New York-based gifting platform Snappy is laying off 100 employees, accounting for around 30% of its workforce. The company was co-founded by CEO Hani Goldstein and CTO Dvir Cohen, who is in charge of Snappy’s R&D activity in Israel. The company said that only a small number of those leaving the company are based in Israel.

Company CEO said that “Unfortunately, we must make extremely painful choices in order to orient Snappy’s financial profile toward sustainable growth and profitability”

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