LinkedIn shuts Israel office, lays off nearly all 50 staff after $80M Oribi acquisition

LinkedIn is closing its Tel Aviv development centre and laying off nearly all of its roughly 50 employees. A small number will remain temporarily to handle ongoing business activities. The Microsoft-owned company opened the office in 2022 after acquiring Oribi, an Israel-based analytics startup founded by Iris Shoor, for an estimated $80 million to $90 million. At the time, LinkedIn said Oribi’s technology would improve campaign attribution and measure website conversions. A LinkedIn spokesperson said the company is proposing changes to some roles to focus its teams on top priorities. The closure comes as Microsoft cuts costs, including a recent move to lay off 9,000 employees, though available information does not directly tie the Israel layoffs to broader restructuring. Source: techinasia.com
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