Cybersecurity company Axonius is cutting 66 jobs as it reshapes its engineering organization around AI-driven software development. The cuts affect about 9% of its global workforce of 722 employees. In Israel, 46 of 207 employees were called to pre-dismissal hearings.
Restructuring details
CEO Joe Diamond said the company changed how its software gets built over several months. The new structure follows a shift toward AI-driven development methods. Affected employees are being notified individually and offered transition support.
Recent cuts and growth
The move follows two earlier rounds of layoffs. In November 2025 Axonius cut about 100 employees, and in February 2026 it cut another 40 positions. Despite the reductions, the company surpassed $200 million in annual recurring revenue in the first quarter of fiscal 2027.
What Axonius does
Axonius was founded in 2017 in New York by Dean Sysman, Ofri Shur, and Avidor Bartov. Its platform helps organizations identify and manage devices, applications, and other digital assets on their networks. The system integrates with more than 300 security and management tools.
The company has also expanded through acquisitions. In July 2025 it purchased Israeli healthcare cybersecurity company Cynerio for $180 million, with milestones potentially raising the price to $250 million. Dean Sysman stepped down as CEO in February 2026 and moved to executive chairman.