Current sectionIsrael NewsBusinessAround 80 employees of PlaxidityX, formerly Argus, in Israel and abroad will be gradually laid off. Its parent company said the decision came following 'market growth being slower than expected'Share to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeOfir Dor02:53 PM • July 01 2026 IDTIsraeli company PlaxidityX, an automotive cybersecurity firm formerly known as Argus, will shut down its approximately 80 employees in Israel and abroad will be laid off.Loading...Click the alert icon to follow topics:Israel high-techCommentsLoading...In the NewsIn the News: Live UpdatesGaza AidTwo-state SolutionMelat KirosChatGPTSerj TankianHaQuizHaaretz PodcastIsraeli Automotive Cybersecurity Firm PlaxidityX Shuts Down After $450M ExitBennett and Lapid Hoped to Force Eisenkot's Hand, but May Need Him to SurviveHaaretz Expands U.S. Presence With New Bureau Chief, Washington CorrespondentNY Woman Charged With Funneling Cryptocurrency to Palestinian Islamic Jihad'Studying Is Resistance': The Library Where Palestinian Children Can Feel SafeRemembering and rebuilding two years laterICYMIAdvanced Israeli Systems Sold to Qatar, Saudi Arabia, Documents and Images ShowIsrael 2026 Election Poll Tracker: The Latest ProjectionsA Collapsing Society: Israel Suffers National Mental Crisis Due to the WarFlagGate: How Israel Set Off a Storm by Hosting a Separatist Genocide DenierWhy Israelis Should Stop Being Afraid of Mamdani-backed Brad LanderSettlers Tried to Torch Palestinian Homes. They Messed With the Wrong Village