At-Bay

Insurtech unicorn At-Bay laid off 25 research and development employees in Israel in early March 2026, reducing its local workforce from 340 staff. This represents a cut of approximately 7% of its Israeli team. The cyber insurance company, valued at $1.35 billion, is restructuring its development division as part of a strategic shift to prioritize operating profitability. CEO Rotem Iram described the decision as difficult but necessary to position the company responsibly as a global leader in its market. The layoffs were implemented just before a period of regional conflict, adding to the challenge of the situation.

Cyber insurance unicorn At-Bay has laid off 27 employees, representing almost 10% of its total workforce of 305 people. The company, which achieved a $1.35 billion valuation in 2021, stated the layoffs in September 2023 were a structural adjustment to ensure long-term success, primarily affecting support roles like recruitment. At-Bay, operating in the insurtech and cybersecurity industry, combines insurance policies with active security services to reduce client risk. Despite the cuts, the company emphasized its financial strength and commitment to future growth.