Employment

34,454 tech employees lost their jobs over the past month in Israel. Companies are blaming AI and the strength of the shekel against the weakening US dollar, but that’s not the full picture.

The Israeli technology company will cut 10% of its workforce worldwide including hundreds in Israel, “Globes has learned.”

In confirming that the company is laying off 20% of employees, Avishai Abrahami wrote, “A very meaningful portion of our costs are shekel-denominated, while our revenue is largely dollar-denominated.”

The Israeli company, which has developed an enterprise data security platform, says it is fully embracing the changes brought about by AI.

20% of the workforce in Israel, will be transferred to new jobs in teams dealing with the development of AI, “Globes” has learned.

The Israeli company will continue to develop optimization solutions for agents based on the Maestro system and discontinue sale of the language models themselves.

The compensation package for Israeli employees is expected to be similar to the US compensation package, subject to the adjustments required by local law.

The Israeli advertising company is laying off about 100 of its 2,000 employees in Israel, New York and South America.

The Israeli company is shifting emphasis from research and infrastructure to revenue-generating products.

In March’s salary, many employees in Israel are receiving higher net pay.

The legislation, however, contains prominent differences between what is given to the public and private sectors.

The Chinese electronics giant Huawei is laying off 60 out of the more than 400 employees at the company in Israel.

The center has 200 employees of which 110 are being laid off, including development, product and marketing staff.

The Israeli games company is implementing a second round of layoffs in which 110 employees worldwide will leave, including 30 in Israel.

The number of job vacancies in the Israeli economy continued to rise in December 2025, reaching the highest number since November 2022, the Central Bureau of Statistics reports.

The fintech company is not publishing the number of employees included in the layoff process, but according to industry estimates, it is more than 100 employees.

At the end of 2024, the gaming company had about 3,500 employees, meaning it will shed 500 employees.

The Israeli AI chip company is streamlining, as part of which it will shed some 30 employees.

The average wage for Israeli workers in November 2025 was NIS 13,587, according to initial estimates by the Central Bureau of Statistics.

Israel’s tech job market has become more selective with fewer companies competing for a smaller pool of sought-after talents.

The growing number of job vacancies together with very low unemployment reflects a tight job market in Israel.

Over the last month alone, about 1,800 employees have been laid off by Israeli tech companies, which are streamlining amid the AI revolution.

The Israeli sales-tech company is parting ways with 24 employees.

The average wage for Israeli workers in October 2025 was NIS 13,620, according to initial estimates by the Central Bureau of Statistics, up 2.9% from October 2024.

The rapid integration of AI tools is creating a job market that is shrinking from the bottom up, research by IDC and human resources company Deel has found.

Unemployment remained low in October at just 3%, seasonally adjusted, unchanged from September, the Central Bureau of Statistics reports.

Following a wave of layoffs, the country’s tech sector has fewer employees, earning higher salaries.

Medical device giant Medtronic, which has 1,000 employees at eight development centers in Israel, is set to lay off 60 employees at its Jerusalem Oridion development center.

The dismissals are part of a plan to cut 4% of the US giant’s global workforce.

HP has 2,500 employees in Israel.