Unemployment
Just after presenting record profits: Another giant fires thousands of employees
Visa announced it will cut about 2,600 jobs, primarily in its technology and product departments, in a move aimed at boosting efficiency and redirecting resources toward growth areas, including AI.
The omission that will cost the state tens of billions
Elections Committee, Employment Service announce effort to hire thousands of election personnel
Mobileye stock plummets following Amnon Shashua’s departure
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.
Severe report: Historical peak in the number of unemployed tech workers
The Employment Service links the historic unemployment surge to AI, but experts blame downsizings on high interest rates, a weak dollar, and past over-hiring by companies.
Israeli employment rates dropped in May, Central Bureau of Statistics labor force survey reveals
According to the CBS Labor Force Survey Data for May 2026, a total of 4,469,000 Israelis were considered in the workforce (61.6%), of whom 126,500 (2.8%) were unemployed.
