What happened
Announced 28 May 2026. CEO Avishai Abrahami attributed the need for fewer layers and fewer employees to both fast-evolving AI capabilities and a strong shekel.
Attribution and company response
Revenue held, staff cut. The published revenue comparison held or grew — $1.99bn in 2025, up 13.2%. This clears the tracker’s revenue screen; it does not prove AI substitution, completed departures or the absence of financial pressure.
What the figures show
WHO BENEFITS?
Payments to shareholders are documented; gains for workers from this change are not established.
- Business performance
- $1.99bn in 2025, up 13.2%
- Worker pay
- Comparable employee pay not yet verified
- Workforce impact
- 1,000 · 20%MAY 2026 · Scope of the reported event, not net job losses.
- Where the money went
- $575m share repurchases2025 · Reported payout; no causal link to AI established.
Two-year history · not yet verified
Quarterly results releases are available, but the standardized SEC facts do not contain the complete quarter series. The release tables still need extraction and reconciliation.
Sources & limits
Revenue is not profit. These figures may cover different periods and do not isolate the effects of AI. Median pay includes more than salary and can change with workforce composition; it does not track raises for the same employees.
The company named TWO causes — AI and the currency — and did not quantify either. A shekel that moves against you is not an AI story, and nothing here separates the two.
Allocation evidence: Rounded from $574.999m in the cash-flow statement. Predates the May 2026 cuts; the 2026 tender offer is a separate transaction. Checked 22 September 2026. Allocation source ↗
Workforce and outcome context
The 2025 report gives 4,622 employees and 5,340 employees plus contractors. The difference is 718 contractors, derived from the two totals.