SimilarWeb

How it happened

SimilarWeb is an Israeli digital-intelligence company providing web traffic and market analytics. It reached unicorn status around 2020 and IPO'd on the NYSE in May 2021 at roughly a $1.6B valuation. Its shares slid sharply amid the broader tech selloff, its market cap fell below $1B during 2022, and it traded near ~$0.25B by 2026, down ~84% from peak. Glassdoor reviews from that stretch described a pandemic-era hiring spree reversing hard once 2022 growth targets fell short — employees counted roughly three rounds of layoffs, alongside frozen pay and a return-to-office mandate that many said sapped morale and drove turnover while the stock stayed depressed.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.