Tabnine cuts 18% of workforce in restructuring effort
Tabnine cuts 18% of workforce in restructuring effort
Layoffs affect marketing teams in Israel and the U.S. as company pivots to enterprise growth.
Tabnine, which develops an AI-powered assistant for developers, has laid off 15 of its 80 employees. In Israel, the company laid off six employees, with the remaining layoffs taking place in the United States, mostly affecting staff in the marketing departments of both countries.
The company has raised $55 million to date, with investors including OurCrowd, Telstra Ventures, Atlassian Ventures, Elaia, Headline, Hetz Ventures, Khosla Ventures, and TPY Capital. Tabnine was founded in 2013 under the name Codota by Dror Weiss (CEO) and Prof. Eran Yahav (CTO). In 2019, it acquired the Canadian startup Tabnine and subsequently rebranded under that name.
The company develops an AI-powered code completion system, competing with Microsoft’s Copilot and other similar tools.
In a statement, the company said: “In 2024, we experienced significant growth in the enterprise customer segment. As part of our efforts to improve focus and efficiency, we are unfortunately saying goodbye to several team members. We expect to continue strong growth in 2025, particularly in revenue from large enterprise customers.”
