Long-Established Software Company to Lay Off Around 10% of Employees

In depth

Atra, which develops a platform for managing IT systems in organizations, is launching an efficiency drive under which it will lay off about a tenth of its employees. According to Calcalist, this concerns about 30 of 320 employees, most of them in Israel. According to Ice, the move aims to focus the company's activity on developing its core products, led by the Robin platform.

According to Calcalist, the company explains the move by the need to improve efficiency and focus resources on its strategic priorities. According to Globes and N12, the company continues to invest in developing artificial intelligence technologies for IT systems management. Atra has so far raised about $100 million, according to Calcalist.