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Full coverage· Economy· Updated

Israeli Cyber Firm Axonius to Lay Off 9% of Staff Amid AI Transition

Israeli cybersecurity company Axonius is laying off approximately 9% of its staff, impacting 66 employees out of 722, primarily in Israel. The company attributes the layoffs to a transition to AI-driven work methods requiring fewer personnel.

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What happened

  1. 01Israeli cyber firm Axonius is laying off 66 employees, about 9% of its workforce.
  2. 02The layoffs are primarily affecting employees at the company's development center in Israel.
  3. 03Axonius cites a transition to AI-driven work methods as the reason for the staff reductions.
  4. 04The company was founded in 2017 by veterans of the elite Unit 8200.
  5. 05Axonius achieved unicorn status in 2021 after raising $100 million.

Founded in 2017 by Unit 8200 veterans, Axonius specializes in digital asset management and security and achieved unicorn status in 2021.

Translated and summarized by baba from Ice, the latest report. Read Ice’s original

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