Israeli artificial intelligence (AI) sports technology startup WSC Sports is laying off about 70 employees, or roughly 10% of its workforce, as it restructures in response to macroeconomic conditions.

The company began employee hearings on July 21, in line with Israeli labor law, which requires employers to hear affected employees before making final termination decisions.

Founded in 2011, WSC Sports has raised about US$150 million, including a US$100 million Series D funding round in 2022 led by ION Crossover Partners, with participation from Intel Capital, O.G. Tech, and Detroit Venture Partners.

Before the layoffs, the company employed about 680 people globally, including around 550 at its headquarters in Ramat Gan, Israel. The job cuts span multiple functions rather than a single department, role, or product area.

WSC Sports provides AI-powered tools that automate the creation and distribution of sports videos for teams, leagues, broadcasters, over-the-top (OTT) streaming providers, and sports betting operators.

🔗 Source: Calcalist