Israeli software company Atera announced yesterday that it is laying off about 10% of its staff. According to Calcalist, the company is parting with about 30 of roughly 320 employees, most of them in Israel. Mako, which also reported the layoffs, put the company's headcount at about 450, so the exact number of people affected is unclear.
What Atera does
Atera develops a cloud platform for IT management, used mainly by IT service providers (MSPs) and corporate IT departments to monitor computers, handle incidents and automate tasks. The company operates mainly in international markets, including the US and Europe, and its investors include K1 Investment Management.
The rationale: efficiency and AI
According to the company, the layoffs are part of organizational changes meant to improve efficiency and focus resources on strategic priorities. At the same time, Atera continues to invest in its platform and in Robin, an AI-based "autonomous IT" technology. It isn't the first time: about two years ago the company laid off about 20 employees, roughly 6% of staff.
Part of a wider wave
The Atera layoffs join a wave hitting mainly Israeli software companies, after cuts at Wix and monday.com. As we described this morning, according to a Calcalist analysis, AI is splitting Israeli tech: software companies shrink while chip and infrastructure companies, such as Tower, hire. Alongside AI, the strong shekel, which raises wage costs in Israel, is also forcing companies to cut.
