Melio founders Credit: Eyal Izhar Israeli fintech co Melio cuts workforce by 10%

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

Kaltura management team Credit: Nir Arielly Kaltura laying off 10% of workforce

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

Avishai Avrahami Credit: Shlomi Yosef Wix lays off 100

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

Avigdor Liberman Credit: Marc Israel Sellem Jerusalem Post Israel's fiscal surplus climbs to 0.6%

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

Average salary Credit: Tali Bogdanovsky Average salary in Israel falls sharply

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.

Millions of shekels Credit: Ufuk ZIVANA Shutterstock Number of Israelis paying NIS 1m capital gains tax doubles

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

Benjamin Netanyahu  credit: Emil Salman, Haaretz Netanyahu presents Likud economic platform

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

Brands imported into Israel by Diplomat  credit: Shutterstock Consumer goods importer Diplomat suspends price hikes

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

Apple Credit: Shutterstock Lester Balajadia Apple to open Jerusalem development center

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

High tech  credit: Shutterstock Israel's tech services exports down in May

The decline reflects the economic slowdown in destination countries.

Fiverr CEO Micha Kaufman Credit: Fiverr Fiverr lays off 60, including 30 employees in Israel

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

Gili May Credit: Eyal Izhar IAI recruitment campaign reaches 4m on social media

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

ATM  credit: Einat Levron Tighter restrictions on cash use coming into force

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.

Supermarket  credit: Shutterstock Economies under stress: The case of Israel

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

Ashdod Port photo: Tamar Matsafi Israel's exports seen rising 15% in 2022 to new record

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

Israel's tech cos change course on employer branding

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

Inflation Photo: Shutterstock Why is inflation in Israel much lower than US and Europe?

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.

Israel Tax Authority Judges reining in Israel Tax Authority

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

Yonatan Tserruya and Assaf Eisenstein Credit: Geva Talmor Lusha lays off 10% of workforce

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

Inflation Credit: Tali Bogdansky Israel CPI up 0.4% in June, as inflation edges higher

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

Haifa Port Credit: Shlomi Yosef Gadot and India's Adani win Haifa Port tender

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

Fabric 3employees Credit: Fabric Israeli retail logistics co Fabric lays off 120

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

Avigdor Liberman  credit: Israel Democracy Institute Israel records first cumulative fiscal surplus since 2007

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

Bank of Israel Photo: Shutterstock ASAP Creative Israel's forex reserves fell $6b in June

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

Leaving a job Photo: Shutterstock Verbit lays off 60, Bizzabo lays off 120

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

Yoni and Ronen Assia Photo: Eyal Izhar Israeli co eToro sheds 6% of workforce

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

Prof. Amir Yaron Credit: Bank of Israel Spokesperson Analysts slam Bank of Israel rate hike as insufficient

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

Oded Forer  credit: Noam Moskowitz, Knesset Press Office Agreement with farmers opens way to agricultural reform

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

Prof. Amir Yaron Credit: Israel Democracy Institute Bank of Israel raises interest rate by 0.5%

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

Lightricks founders Credit: Eyal Merillus App developer Lightricks lays off 70 in Israel

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

Salary slip Photo: Oria Tadmor Average monthly salary stays above NIS 12,000

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.

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