OrCam Technologies—OrCam laid off 50 employees in second round
OrCam Technologies conducted its second round of layoffs, cutting 50 employees approximately 16 months after the first round. Company was struggling as generative AI technologies began performing similar functions to OrCam's reading devices using smartphones.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
Confirms Firing Feb 1, 2024 documented
OrCam laid off 50 employees in February 2024
HRKatha and CTech reported that OrCam Technologies laid off 50 workers in February 2024, leaving 220 employees before subsequent layoffs. The layoffs were attributed to a sharp decrease in sales to Arab countries and competition from generative AI technologies that perform similar functions to OrCam's reading devices.