Dozens of employees at Israeli-founded Redis are expected to receive dismissal notices this week as the maker of the real-time database management platform is laying off about a quarter of its workforce in the country.

The database software unicorn is slated to fire about 75 employees from its development center in Tel Aviv, or about a quarter of its 300-person workforce in Israel, according to sources familiar with the matter. Redis employs about 1,300 workers globally.

Redis declined to comment on the round of layoffs when contacted by The Times of Israel.

The streamlining move comes as local tech firms from Wix to Rapyd and Amdocs in recent weeks announced a wave of layoffs to tighten operations, cut costs, and reorganize their staff amid pressure to adapt to the new automation era, and as the strength of the shekel is making operations in Israel more expensive.

Redis recently signed a 10-year rental lease for new offices in Israel as part of the firm’s plans to continue the operations of its Israel development center.

Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Redis is the developer of an open-source cloud analytics platform that allows users to process, analyze, and make predictions........

© The Times of Israel