Employment

For the first time in a decade, Israel's biggest private employer has less than 10,000 employees. "Globes" talks to Intel Israel employees and former employees.

In September 2024, the average monthly wage in Israel was NIS 13,535, up from NIS 13,376 in August 2024, the Central Bureau of Statistics reports, according to initial estimates.

Granulate joins many other of Intel's Israeli acquisitions which have been closed, including Replay, Oplus and DSPC.

Intel's layoffs coincide with major expansion in Israel by its rival Nvidia, which is taking advantage of the situation.

Several hundred out of Intel's 11,000 employees in Haifa, Petah Tikva, Jerusalem and Kiryat Gat will receive dismissal notices in the coming month.

In August 2024, the average monthly wage in Israel was NIS 13,138, up 5.3% from August 2023, the Central Bureau of Statistics reports.

In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, the Central Bureau of Statistics reports.

This cut will save NIS 12 million in expenses for Intel Israel, sources familiar with the matter have told "Globes."

The huge shortages in the workforce has also been reflected over the past year in a rise in real wages, despite the economic slowdown.

“Reuters” reports that Cisco is set to lay off another 4,000 employees. The cuts will likely hit Cisco’s 750 employees in Israel.

The semiconductor giant is laying off 15% of its workforce worldwide including in Israel and will this week ask employees to sign up for early retirement programs.

In June 2024, the average wage in Israel was NIS 13,865, up 4.7% from NIS 12,836 in June 2023, the Central Bureau of Statistics reports, above inflation which was 2.9% over the same period.

The Israeli business systems company is preparing for another major round of layoffs in which an estimated 5%-10% of the company’s workforce will be laid off.

Two programs cut by the Ministry of Economy and Industry include subsidizing the cost of wages for haredi, Arab and Druze employees in businesses in Israel amounting to NIS 43 million.

Initial estimates for May 2024 show that the average wage rose by 7.8% compared with May 2023, to NIS 12,891.

The Jerusalem-based company is changing its business focus to generative AI at the expense of some of its app operations.

The Israeli digital ad company is dismissing 35 employees, most of them in Israel.

Rishpon Healing Space and Youth of Light have built a job training program in a supporting environment to rehabilitate the survivors of October 7. After the successful pilot project an expanded program will begin next month.

Those being dismissed in Israewl will be replaced by teams in Eastern Europe, South Africa, and elsewhere where labor is cheaper.

Moovit said it is making the necessary adjustments in favor of concentrating on the company's core business and accelerating the transition to profitability.

Initial figures for April 2024 show that the average monthly wage was NIS 13,270, down 6% from NIS 14,079 in March 2024, the Central Bureau of Statistics reports.

Shufersal said, "As part of the process of examining the needs of the company, it was decided to implement resource adjustments in the workforce situation."

Initial figures for March 2024 show that the average monthly wage was NIS 14,108, up 3.5% from March 2023, the Central Bureau of Statistics reports.

A senior source in Israel's construction industry insists that about 8,000 Palestinian workers from Judea and Samaria have recently been given permits to work in Israel with 8,000 more expected to enter soon.

Initial figures for February 2024 show that the average monthly wage was NIS 13,297, up 10.7% from February 2023.

The Israeli-founded cybersecurity unicorn, now controlled by SoftBank, is mired in a crisis that has plagued the company over the past two years.

The Israeli company has decided to wind down the unit, which provides retrofitted advanced driver assistance technology.

The captioning and transcription solutions company has 500 employees including 120 in Israel.

This is the fintech company's second round of layoffs since 2022 when 10% of 600 employees were dismissed.

Israel's National Labor Court is set to rule on whether the country's Wolt couriers are employees or self-employed.