Verbit Layoffs — Tom Livne No Longer CEO?

Sent to me by a Stenonymous reader. It has an attached article about the former CEO.

Did they make their money and run or are they getting out before I unionize us all?

😝😜

I’ll just say that after all the reporting I did on Verbit, it’s funny to see people start to jump ship from these ventures after a few years. “Bro, I’ve been doing this for 14 years, you could barely cut it for 5.” Management must be real tough.

That’s a half a joke, I know managing isn’t easy.

What more can I say? Wish him well. Hope he got something out of the deal. Yair Amsterdam is now acting CEO.

Hey Yair, wanna supplant Veritext? Take me up on the offer I made them.

It’s nothing personal, just business.

Team up with someone that saw this moment a long, long time ago as word of Verbit’s enormous capital saturation spread?

That would be crazy.

Addendum:

April 2024

A valued reader sent me this link.

Verbit’s also apparently done with Israel.