Unemployment
Dramatic split: The new map of upheavals in Israeli tech
Tech employment remained stable and the sector is not collapsing but reorganizing: While software companies recorded 6.6% layoffs, hardware stood at just 1.1%.
Visa lays off dozens of senior executives, including some with salaries near $500k
Just after presenting record profits: Another giant fires thousands of employees
The omission that will cost the state tens of billions
Elections Committee, Employment Service announce effort to hire thousands of election personnel
Hiring for positions such as polling site staff, technical support workers, logistics personnel, and a variety of others will begin in the next week, according to a joint statement.
Mobileye stock plummets following Amnon Shashua’s departure
Mobileye stock fell 15% after founder and CEO Prof. Amnon Shashua announced his resignation, despite the company reporting improved profitability.
AI layoffs mount across Israeli tech companies amid software sector bloodbath
The development of AI in recent years has led to situations where human work is replaced by AI, or AI can do the same job faster or at a lower cost
AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom
Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
monday.com to cut 20% of global workforce, more than 600 employees to be laid off
Israeli tech giant monday.com announced a major organizational restructuring that will see 620 employees leave the company worldwide as it shifts focus toward an AI-based work platform.
Relocate or resign: Samsung gives hundreds of US employees an ultimatum
Samsung is relocating its US headquarters from New Jersey to Texas, requiring hundreds of employees to either move more than 2,000 kilometers with the company or leave their jobs.
The labor market has not yet recovered from the war
The labor market continues to recover, but the road to the pre–war routine is still long: There were 169,000 job seekers in June.
Meta sued: AI helped choose whom to lay off, but missed an important detail
A total of 26 employees claim that AI systems were utilized by Meta to rank staff ahead of a wave of layoffs, failing to distinguish between a lack of productivity and an approved absence.
The dirty trick behind the massive tech layoffs
CEOs are blaming the massive waves of layoffs on AI implementation, but real data proves exactly the opposite: Companies that adopted AI with high intensity increased their workforce by 10%.
Israeli unemployment rates rising in hi-tech with the advancement of artificial intelligence
Inbal Mashash, director general of the Israel Employment Service, spoke on Tuesday with Anat Davidov on the program 'Where the Money Is' and addressed the worrying trend.
