ECONOMY

The layoffs are mainly among US sales staff, while the company is doubling its development team in Tel Aviv.

The Israeli video cloud platform said that 30 of the layoffs will be in Israel.

The Israeli website building platform is shedding 2% of its work force, with most of the layoffs abroad.

The fiscal surplus for the 12 months ending July 2022 was NIS 9.7 billion, the Ministry of Finance Accountant General reports.

The average gross monthly salary in Israel fell to NIS 11,753 in May from NIS 12,026 in April, the Central Bureau of Statistics reports.

562 Israelis earned at least NIS 3.5 million in capital gains last year, the Tax Authority reports.

Likud promises free pre-school education and tax cuts. Blue & White-New Hope: The person who prevented a state budget cannot offer economic solutions.

Histadrut chair Arnon Bar-David: The protest against extortion in the cost of living will continue.

Apple's new development center in Givat Ram, the tech giant's third in Israel, has been revealed in a LinkedIn post.

The decline reflects the economic slowdown in destination countries.

The Israeli freelancer platform is shedding 8% of its work force. Content recommendation company Outbrain is laying off 3% of employees.

CRO Gili May told the Globes MAD conference about Israel Aerospace's controversial campaign, which criticized rivals and stressed the importance of IAI.

From August 1, Israeli businesses may not take cash payments of more than NIS 6,000. "Globes" explains the new rules for them and for individuals.

Israel has fared better than many in the face of recent global shocks such as inflation, but it has its own vulnerabilities.

For the first time-ever in 2021, exports of services outstripped goods, the Ministry of Economy and Industry reports.

Lavish events and big billboards on the Ayalon Highway have been replaced by branding based on company cohesion, stability and welfare.

The Bank of Israel has examined why annual inflation in Israel is 4.4% compared with 9.1% in the US and 9.4% in the UK.

Recent court rulings indicate that the taxpayer need no longer feel helpless in the face of the Tax Authority's power.

The Israeli B2B intelligence company is laying off 10% of its worldwide workforce of 300.

This is the second successive month that the CPI has been below the economists' forecasts but housing prices continue to soar.

The consortium will pay NIS 4 billion for the Israeli government's 100% stake in the port, well above the amount expected.

The company is firing 40% of staff and adopting a new strategy in which it will provide robots to supermarkets, which will operate them.

The 12 months until the end of June 2022 had a cumulative fiscal surplus of 0.4%, the Ministry of Finance Accountant General reports.

This was the fifth consecutive month that the Bank of Israel made no foreign currency purchases.

Two more Israeli unicorns are downsizing their workforces as emphasis shifts from growth to profitability.

After canceling its SPAC merger, the online trading platform is laying off 100 employees, including 55 in Israel.

The Bank of Israel itself sees the rate at 2.75% next year but Meitav Dash says the central bank is 'behind the curve.'

The agreement allows for the gradual replacement of tariff barriers with direct subsidies for Israel farmers.

This is the first 0.5% hike since 2011, as the Bank of Israel combats rising inflation and has cut its growth forecast.

The Jerusalem-based company, which has developed the Facetune selfie editing app, says the cuts are designed to ensure its long-term future.

The average monthly salary in Israel in April 2022 jumped 3.8% to NIS 12,061, compared with NIS 11,621 in April 2021, the Central Bureau of Statistics reports.