Unemployment
Oracle employees received 6 AM email: 'Today is your last day at work'
The tech giant has launched a new wave of lay-offs in the US. The scale of the cuts remains unknown, but it comes after Oracle’s global workforce was already reduced by 21,000 within a year.
Israel ranks third worldwide in AI commercialization as economy grows 3.2% ahead of Rosh Hashanah
World Food Programme halves food assistance to West Bank due to funding shortages
From Haredi cities to the Sharon: Where was the sharpest spike in job seekers recorded?
West Bank employment rebounds after Oct. 7 drop, but wages, protection remain weak, PCBS data shows
The majority of Palestinians, 680,000, were employed in the local market, an increase of around 27,000 workers from the first quarter.
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
New documents reveal that among the 320 employees set to be laid off at Visa's California headquarters are six vice presidents, 37 senior directors, and senior technology executives.
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
AI is pushing workers 50+ out of the job market. With the state refusing to invest in retraining, it will pay heavily in benefits and lost revenue.
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.
