No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Israeli vehicle cybersecurity co PlaxidityX lays off 65

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
Israeli vehicle cybersecurity co PlaxidityX lays off 65
Share on FacebookShare on TwitterShare on LInkedIn


Israeli vehicle cybersecurity company PlaxidityX (formerly Argus Cybersecurity) is preparing to lay off 65 employees, representing one third of its current workforce of 200 worldwide. Most of the layoffs will be at the company’s offices in Israel with the remaining dismissals at offices in Germany, France, the US, Japan, India, Korea and Poland.





RELATED ARTICLES




Continental buys Israeli co Argus Cyber Security


Argus, Deutsche Telekom unit team on car cybersecurity






Employees in Israel have been notified after the past few days about hearing prior to being let go. The layoffs are part of a global streamlining plan by Aumovio, the vehicle division of German company Continental, which is holding a flotation on the Frankfurt Stock Exchange in September. PlaxidityX is expected to remain part of Aumovio but according to a source familiar with the matter, the company could be sold or spun off. The source said, “A year ago the company underwent rebranding and in recent months Continental has been working to sell the activity or separate it into an independent division.”

A glittering acquisition, an unclear future

Agrus Cyber Security was founded in 2013 by alumni of the IDF 8200 intelligence unit including the entrepreneur Ofer Ben-Noon and was acquired by Continental in 2017 for $450 million – one of the biggest exits in Israeli auto-tech. Since the acquisition, it has continued to operate as an independent division, and is now considered one of the three leading companies in the world in the field of automotive cybersecurity.

The company currently protects 72 million vehicles worldwide, holds 80 registered patents, and leads hundreds of projects with dozens of global automakers. In 2024, it signed partnerships with key players such as Microsoft, Vodafone Automotive, dSPACE, and AVL. Despite the layoffs, a company source emphasizes that “Aumovio is committed to the success of PlaxidityX and continues to support it financially.”

The move comes following tighter regulation in the automotive cybersecurity field, including European standards that came into effect in 2022, and statements by the Trump administration about the need to protect code originating from countries like China and Russia.

Published by Globes, Israel business news – en.globes.co.il – on July 23, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: CybersecurityIsraelilaysPlaxidityXvehicle
ShareTweetShare
Previous Post

‘Magnificent 7’ Earnings Showdown: The AI Haves and the Cyclical Have-Nots

Next Post

Architect of gov’t co board reform turns against Amsalem

Related Posts

edit post
LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

by TheAdviserMagazine
October 25, 2025
0

Oct. 25, 2025 10:10 AM ETIBN, FHI, SFBS, LC, ENVA, KNSL, BTC-USD, BITF, UPST, CRCL, ABTCBy: Max Gottlich, SA News...

edit post
Insiders Are Scooping Up Shares of a Miner, a Driller, and a Biotech

Insiders Are Scooping Up Shares of a Miner, a Driller, and a Biotech

by TheAdviserMagazine
October 25, 2025
0

Denys Yelmanov / iStock via Getty Images While insider buying is typically slower when markets are near all-time highs and...

edit post
I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

by TheAdviserMagazine
October 25, 2025
0

When I was an aerospace engineer working on the NASA Space Shuttle Program, trust was mission-critical. Every bolt, every line...

edit post
Bharat Rasayan board okays stock split, issue of bonus shares

Bharat Rasayan board okays stock split, issue of bonus shares

by TheAdviserMagazine
October 25, 2025
0

Agro-chemical firm Bharat Rasayan's board has approved the sub-division of its equity shares and issue of bonus shares in a...

edit post
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

by TheAdviserMagazine
October 25, 2025
0

The Giving Pledge was designed to hold the world’s richest people accountable for donating at least half their fortunes in...

edit post
A click lower, a tick higher

A click lower, a tick higher

by TheAdviserMagazine
October 25, 2025
0

Mortgage rates are wavering slightly today. According to Zillow, the average 30-year fixed mortgage rate has edged down four basis...

Next Post
edit post
Architect of gov’t co board reform turns against Amsalem

Architect of gov't co board reform turns against Amsalem

edit post
Amsterdam’s Greener Power Solutions appoints Jasper van den Driest as new CEO: Know more

Amsterdam’s Greener Power Solutions appoints Jasper van den Driest as new CEO: Know more

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

0
edit post
I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

0
edit post
A Brief History of the Enduring American Embargo against Cuba

A Brief History of the Enduring American Embargo against Cuba

0
edit post
Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

0
edit post
UK crypto investors face crackdown on unreported gains 

UK crypto investors face crackdown on unreported gains 

0
edit post
Arizona Heat, Bigger Bills: 7 Utility Hacks That Actually Cut Costs for Fixed-Income Retirees

Arizona Heat, Bigger Bills: 7 Utility Hacks That Actually Cut Costs for Fixed-Income Retirees

0
edit post
A Brief History of the Enduring American Embargo against Cuba

A Brief History of the Enduring American Embargo against Cuba

October 25, 2025
edit post
LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap

October 25, 2025
edit post
Hotstocks KW 43 / 2025 – Solaraktien für mehr Sonne im Depot!

Hotstocks KW 43 / 2025 – Solaraktien für mehr Sonne im Depot!

October 25, 2025
edit post
Insiders Are Scooping Up Shares of a Miner, a Driller, and a Biotech

Insiders Are Scooping Up Shares of a Miner, a Driller, and a Biotech

October 25, 2025
edit post
UK crypto investors face crackdown on unreported gains 

UK crypto investors face crackdown on unreported gains 

October 25, 2025
edit post
I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

I helped design rocket engines for NASA’s space shuttles. Here’s why businesses need AI as trustworthy as aerospace tech

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • A Brief History of the Enduring American Embargo against Cuba
  • LendingClub, ABTC surge, Bitfarms, FHI slide: financials wrap
  • Hotstocks KW 43 / 2025 – Solaraktien für mehr Sonne im Depot!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.