MyHeritage to put off 15% of workforce
MyHeritage presently has 500 workers in Israel, the US and Europe.
Israeli on-line family tree firm MyHeritage is shedding dozens of workers. “Globes” has realized that about 15% of the corporate’s workforce shall be dismissed. MyHeritage presently has 500 workers in Israel, the US and Europe.
MyHeritage was based in 2003 by CEO Gilad Japhet. The corporate started as a platform for constructing household timber and later expanded its actions to household historical past analysis, historic databases and DNA exams for finding kinfolk and data on genetic origin. The corporate is headquartered in Or Yehuda, and operates in dozens of languages for customers all over the world.
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Through the years, the corporate has constructed a database of billions of historic information, together with delivery, marriage, immigration and census certificates, alongside a big database of household timber. In 2016, the corporate launched dwelling DNA kits and later expanded its actions to the sphere of genetic info. Throughout the Covid pandemic, the corporate additionally operated a Covid testing laboratory in Israel. In 2021, management of MyHeritage was bought to US funding fund Francisco Companions in a deal that valued the corporate at about $600 million. As a part of the deal, enterprise capital funds Bessemer, Index, and Excel bought all of their holdings, whereas many workers exercised choices that they had held over time.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 8, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
Gilad Japhet Photograph: MyHeritage
