Digital Bank ONE ZERO Cuts 10% of Staff Amid AI Integration
Translated & summarized from i24NEWS by baba
Israeli digital bank ONE ZERO is laying off about 10% of its staff, approximately 25-30 employees, and has stopped new hiring. CEO Eyal Gafni cited the bank's transition to a growth phase and the increasing role of artificial intelligence in streamlining operations. The bank was founded in 2019 by Marius Nacht and Professor Amnon Shashua.
The story in 5 lines · by baba
- Digital bank ONE ZERO is cutting about 10% of its workforce, impacting 25-30 employees.
- The bank has also halted all new employee recruitment.
- CEO Eyal Gafni attributed the layoffs to the bank's transition to a growth phase.
- The increasing capabilities of artificial intelligence were cited as a reason for the cuts.
- ONE ZERO was founded in 2019 by Marius Nacht and Professor Amnon Shashua.
ONE ZERO, an Israeli digital bank, announced on Sunday it is reducing its workforce by approximately 10%, affecting about 25 to 30 employees. The bank has also halted new hiring. CEO Eyal Gafni informed staff that the decision stems from the bank's transition from its initial establishment phase to a broader growth stage.
Gafni cited the increasing capabilities of artificial intelligence as a key factor, explaining that AI allows the bank to operate more efficiently, streamline processes, and enhance customer service. The bank was founded in 2019 by Marius Nacht, a co-founder of Check Point, and Professor Amnon Shashua, a co-founder of Mobileye and a computer science professor at the Hebrew University of Jerusalem.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 4Right 2Other 8
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.