Hailo Cuts Half Its Workforce, About 110 Employees, on June 8

According to Calcalist, Israeli AI chipmaker Hailo announced on June 8 it is cutting about half its workforce, with approximately 110 employees leaving. The restructuring aims to focus on physical AI markets such as robotics and drones. The move follows the collapse of a planned SPAC merger and comes after the company received a $9 million loan in January 2026 from shareholder Delek Automotive, signaling liquidity pressure. Hailo's valuation has declined from $1.1 billion to under $500 million.
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