In December 2022, Israeli cybersecurity unicorn Armis laid off 25 employees, representing about 3.5% of its 670-person workforce. The company, which had raised $300 million at a $3.4 billion valuation the previous year, stated the layoffs were part of a streamlining process and adjustments to its work plan. Armis cited the need to shift budgets between departments and prepare for a potential future economic slowdown, even while reporting strong demand and expecting to double its revenue that year. This move was positioned as a strategic step to build a leading global cybersecurity company for the long term.
