Employment

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.

The US information, data and market measurement firm plans transferring its development operations to India, "Globes" has learned.

The number of unemployed in Israel rose by 11,000 in January 2024 to 3.4% from 3.1% in December 2023, the Central Bureau of Statistics reports.

The Israeli pharmaceutical company had 36,472 employees at the end of 2023, up 3.8% from 2022, as it returned to growth.

The average monthly wage in Israel in November 2023, the Central Bureau of Statistics reports, rose 9.5% compared with November 2022.

The Israeli company plans to develop advanced AI technology than can assess the intentions of Internet users on shopping websites.

Despite the war, political rift and high interest rates, Ethosia recruitment agency found salaries rose in 2023. But the experts are still concerned.

There is a growing feeling that tech companies are advertising fake jobs to give investors the impression that the company is growing.

The minimum wage will rise from NIS 5,572 to NIS 5,880 despite opposition from business organizations.

The digital printing company is laying off 2% of its employees in Ness Ziona and Kiryat Gat.

The layoffs include 550 in Israel with most of the dismissals at the company's headquarters in Herzliya.

The layoffs will include senior executives, sources close to the company have told "Globes."

Job cuts are expected in the Waze-Google maps and google search divisions in Israel, a source close to the matter has told "Globes."

The Israeli company is making the cuts due to the cancellation of the development of Nova Legends, which did not achieve its targets.

Following its merger with Israeli company ironSource, Unity has 900 employees in Israel, according to LinkedIn, and the current round of layoffs – the third in the past year - will hit in Israel too.

Israel's employers, put in an awkward situation, are legally not allowed to pressure their workers, but in practice many employees feel the need to juggle military and work duties.

The Israeli cloud data security company is reorganizing and streamlining.

Leading tech companies, including Nvidia, Palo Alto Networks, Armis, Cisco, SalesForce, Hibob, have joined the project and will accept talents from the surrounding communities that will be scouted by Place-IL.

Unemployment in Israel fell to 2.8% in November from 3.1% in October, the Central Bureau of Statistics reports.

In October 2023, after the outbreak of the war, the average salary in Israel was NIS 12,488, 5.9% higher than in October 2022, the Central Bureau of Statistics reports.

While the October figures show no fall in unemployment, the full numbers presented by the Central Bureau of Statistics clearly indicate a cooling off in the job market, with many employees going on unpaid leave.

Job vacancies in Israel fell 18% from 114,000 on October 15 to 93,000 on November 7, the Central Bureau of Statistics reports.

Google Israel employees are entitled to work abroad for up to 30 days at the company's expense.

Israel's Minister of Interior Moshe Arbel and Sri Lanka's Ambassador to Israel Nimal Bandaranaike have signed an agreement, which will allow Israel to immediately hire 10,000 Sri Lankan farm workers.

The Ministry of Labor calculates that 764,000 Israelis are not in their jobs at the moment, less than the 28% of the workforce at the peak of the Covid pandemic.