Employment

Industry experts agree that Intel staff dismissed in Israel will have no trouble finding work at rivals like Nvidia, as happened during last year's layoffs.

"Bloomberg" reports that new CEO Lip-Bu Tan will announce the layoffs this week.

With thousands of tech employees leaving Israel, the Innovation Authority proposes measures that could reverse the trend.

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

The monthly minimum wage in Israel will be revised upwards by 6%.

The average wage of an Israeli employee rose by 5.1% in 2024, compared with 2023, the Central Bureau of Statistics reports.

Ethosia CEO Eyal Solomon says the proportion of "ghost" jobs - vacancies that have been advertised but not filled and continue to appear on the company's website - has jumped dramatically in recent years.

Despite inflation tech salaries are declining, the Central Bureau of Statistics reports.

Tech companies in Israel have cut back on hiring juniors, as AI is already quicker, cheaper and more accurate in writing code, than computer science graduates.

Since October 7th, discrimination and alienation are driving more and more Israeli Arabs to emigrate. "Globes" talks to some who have decided to leave.

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Meta (Facebook) is simultaneously laying off 5% of its employees at all the company's centers worldwide including in Israel.

Placement experts tell "Globes" that in contrast to last year's layoffs because of the war, the latest downsizing is by strong and profitable companies.

Israeli adtech company AppsFlyer is laying off 100 employees, in a streamlining move in order to stay “flexible, innovative, and focused on long-term success."

In December 2024, the average monthly wage in Israel was up 4.4% from December 2023, the Central Bureau of Statistics reports.

The company, with about 2,500 employees worldwide, is one of Israel's most secretive and profitable companies.

The average job search time for a junior with less than two years of experience has increased to 11 months, placement agency Ethosia reports.

Founded in Tel Aviv, the business banking solutions and services company is firing 20% of employees in its Israel development center.

While the war continues on two fronts, the job market remains tight and at full 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.