Innoviz lays off about 20-25% of workforce in third round of cuts

Israeli automotive tech company Innoviz is laying off approximately 20-25% of its employees, reducing headcount to under 300, in its third round of cuts. The company cites a production delay for a major automotive client.

Autotech company Innoviz is embarking on a workforce reduction of about a quarter of its employees, as revealed to Globes. This is the third wave of layoffs at the Rosh HaAyin-based company in recent years, following two previous reduction moves in 2024 and 2025—the first cut 13% of the workforce and the second 9%. As of the end of 2025, Innoviz had 372 employees, most of them (344) in Israel, with the majority engaged in R&D. Assuming about 25% are laid off, that amounts to over 90 people. In recent months, Innoviz has entered the defense market, particularly the counter-drone (Counter-UAS) sector, where it has announced several collaborations. The company's LiDAR technology, originally developed for the automotive industry, is integrated into solutions for detecting and tracking threats from drones. Innoviz, founded and led by Omer Keilaf, is traded on Nasdaq at a valuation of $66 million. The company recently announced the appointment of Yoav Har-Even, former CEO of Rafael, to its board as part of advancing its defense activities. Innoviz reached the public market through a merger with a SPAC in 2021 at a valuation of $1.4 billion.