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Israeli cybersecurity firm Skybox files for bankruptcy amid financial struggles
Skybox Security’s Israeli subsidiary has filed for bankruptcy in Tel Aviv amid financial difficulties, leaving employees unpaid and facing debts of approximately $2.78 million in unpaid salaries for February. The firm, which previously employed around 100 people, has laid off its workforce and ceased operations, now awaiting a court decision on liquidation or rehabilitation.
Israeli cybersecurity firm Skybox shuts down laying off 300 employees
Israeli cybersecurity firm Skybox Security has shut down, resulting in the layoff of approximately 300 employees, including 100 in Israel and 200 in the U.S. CEO Mordecai Rosen announced the closure on February 24, stating that employees would not receive final salaries and should seek assistance from the National Insurance Institute. The company is entering liquidation while simultaneously selling its business and technology to Tufin.
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