Tel Aviv-based creative technology company Artlist has begun hearing procedures ahead of layoffs affecting 200 of its 500 employees, the company told workers on Tuesday afternoon. Artlist, which was once considered a candidate for an initial public offering, said the move is part of a strategic reorganization as it shifts to an AI-native operating model designed to make the organization flatter, faster, and more autonomous.
The company said the review covers about 200 jobs and roles, and the relevant employees have been called in for hearings as part of the process. It said the restructuring is being carried out from a position of financial strength and continued growth.
According to the company, Artlist recently surpassed $300 million in annual recurring revenue and has been growing at 50% year over year. It said it will provide broad support and favorable terms to the affected employees and thanked them for their contribution to the company’s success.