Israeli business monitoring startup Anodot is laying off approximately 15 employees, representing 20% of its current 80-person workforce, in its second round of layoffs within a year. This follows a previous round in July 2022, when 35 employees, about 27% of the staff at that time, were let go. Founded in 2014 and having raised $62.5 million, the company, which uses AI to monitor business metrics, cites the need to achieve financial independence and profitability amid challenging global market conditions as the reason for the cuts. The layoffs were announced in May 2023.
