The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.

The company says the move isn't about margins, but about creating a flatter organization built around AI agents, autonomous teams, and deeper customer engagement.

Israeli software company to lay off 620 employees after a 50% share-price drop, saying it is flattening management and redirecting resources toward AI products, autonomous agents…